STOCK-BASED COMPENSATION (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of fair values of stock options granted, estimated using Black-Scholes option valuation model assumptions |
The fair values of stock options granted for the years were estimated using the following assumptions:
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Summary of stock option activity |
The following is a summary of our stock option activity during the year ended December 31, 2014:
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Schedule of information related to stock options outstanding and exercisable |
The following table presents information related to stock options outstanding and exercisable at December 31, 2015:
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Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] |
A summary of restricted stock unit activity for the years ended December 31, 2014 is as follows:
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Schedule of stock-based compensation |
Total equity-based compensation cost recorded in the consolidated statements of operations, which includes the value of stock options and restricted stock units issued to employees, directors and non-employees for services and excludes the performance bonus accrual and warrant consultant cost, is allocated as follows:
Common Stock Issued to Non-Employees
In September 2015, we issued a total of 33,000 shares of our common stock to two consultants in exchange for business and corporate development services provided both in Asia and in the United States. We recorded $156,000 in stock compensation expense related to these stock issuances for the year ended December 31, 2015, which represents the fair value of the stock on the date of issuance. There were no similar items, or expense recorded, for the year ended December 31, 2014.
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