|9 Months Ended|
Sep. 30, 2016
|Disclosure of Compensation Related Costs, Share-based Payments [Abstract]|
No options were granted during the nine months ended September 30, 2016.
The Company recognized a total of $473,472, and $465,876 of compensation expense during the nine months ended September 30, 2016 and 2015, respectively, on common stock options issued to Employees and Directors that are being amortized over the implied service term, or vesting period, of the options. The remaining unamortized balance of these options is $1,018,748 as of September 30, 2016.
No options were exercised during the nine months ended September 30, 2016 and 2015.
No options were forfeited during the nine months ended September 30, 2016 and 2015.
The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.
Reference 1: http://www.xbrl.org/2003/role/presentationRef