|
Stock-based Plans and Stock-based Compensation (Tables)
|
12 Months Ended |
|
Dec. 31, 2014
|
| Schedule of stock option activity |
| |
|
Shares |
|
|
Weighted Average Exercise Price |
|
|
Weighted Average Remaining Contractual Term (Years) |
|
|
Aggregate Intrinsic Value |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding at December 31, 2012 |
|
|
325,833 |
|
|
$ |
4.62 |
|
|
|
4.44 |
|
|
$ |
- |
|
| Granted |
|
|
5,473,705 |
|
|
$ |
1.98 |
|
|
|
- |
|
|
$ |
- |
|
| Exercised |
|
|
- |
|
|
$ |
- |
|
|
|
- |
|
|
$ |
- |
|
| Canceled/forfeited/expired |
|
|
(127,097 |
) |
|
$ |
4.06 |
|
|
|
- |
|
|
$ |
- |
|
| Outstanding at December 31, 2013 |
|
|
5,672,464 |
|
|
$ |
2.08 |
|
|
|
9.17 |
|
|
$ |
415,259 |
|
| Granted |
|
|
2,333,500 |
|
|
$ |
0.84 |
|
|
|
- |
|
|
$ |
- |
|
| Exercised |
|
|
- |
|
|
$ |
- |
|
|
|
- |
|
|
$ |
- |
|
| Canceled/forfeited/expired |
|
|
(2,606,644 |
) |
|
$ |
1.95 |
|
|
|
- |
|
|
$ |
|
|
| Outstanding at December 31, 2014 |
|
|
5,399,320 |
|
|
$ |
1.17 |
|
|
|
8.41 |
|
|
$ |
1,915,878 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expected to vest at December 31, 2014 |
|
|
3,723,522 |
|
|
$ |
1.41 |
|
|
|
8.30 |
|
|
$ |
832,673 |
|
| Exercisable at December 31,2014 |
|
|
1,830,720 |
|
|
$ |
1.39 |
|
|
|
7.71 |
|
|
$ |
584,990 |
|
| Unrecognized expense at December 31, 2014 |
|
$ |
2,551,415 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock-based compensation expense |
| |
|
Years ended December 31, |
|
| |
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
| General and administrative |
|
$ |
948,567 |
|
|
$ |
855,698 |
|
| Sales and marketing |
|
|
592,785 |
|
|
|
976,341 |
|
| Engineering, research, and development |
|
|
44,908 |
|
|
|
17,972 |
|
| |
|
$ |
1,586,260 |
|
|
$ |
1,850,012 |
|
|
| Schedule of range of assumptions |
| |
|
Years ended December 31, |
|
| |
|
2014 |
|
|
2013 |
|
| Risk-free interest rate |
|
1.57% to 1.91% |
|
|
0.60% to 1.03% |
|
| Expected life (years) |
|
4.66 to 6.08 |
|
|
3.58 to 5.27 |
|
| Dividend yield |
|
|
- |
|
|
|
- |
|
| Expected volatility |
|
132.0% to 132.0% |
|
|
122.0% to 132.0% |
|
|
| Restricted Stock [Member] |
|
| Schedule of stock option activity |
| |
|
Shares |
|
|
Weighted Average Exercise Price |
|
|
Weighted Average Remaining Contractual Term (Years) |
|
|
Aggregate Intrinsic Value |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding at December 31, 2013 |
|
|
- |
|
|
$ |
- |
|
|
|
- |
|
|
$ |
- |
|
| Granted |
|
|
591,436 |
|
|
$ |
- |
|
|
|
- |
|
|
$ |
- |
|
| Exercised |
|
|
- |
|
|
$ |
- |
|
|
|
- |
|
|
$ |
- |
|
| Canceled/forfeited/expired |
|
|
- |
|
|
$ |
- |
|
|
|
- |
|
|
$ |
- |
|
| Outstanding at December 31, 2014 |
|
|
591,436 |
|
|
$ |
- |
|
|
|
9.75 |
|
|
$ |
703,809 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expected to vest at December 31, 2014 |
|
|
297,086 |
|
|
$ |
- |
|
|
|
9.61 |
|
|
$ |
353,532 |
|
| Exercisable at December 31,2014 |
|
|
297,086 |
|
|
$ |
- |
|
|
|
9.61 |
|
|
$ |
353,532 |
|
| Unvested at December 31, 2014 |
|
|
294,350 |
|
|
|
- |
|
|
|
9.89 |
|
|
$ |
350,277 |
|
| Unrecognized expense at December 31, 2014 |
|
$ |
429,999 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock-based compensation expense |
| |
|
Year ended December 31, |
|
| |
|
2014 |
|
| |
|
|
|
| General and administrative |
|
$ |
347,074 |
|
| |
|
$ |
347,074 |
|
|