Commitments and Contingencies (Details Textual) (Employment Contract [Member], USD $)
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12 Months Ended |
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Dec. 31, 2013
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Chief Executive Officer And Director [Member]
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Commitments and Contingencies (Textual) | |
Base salary at annual rate | $ 350,000 |
Performance objective, Description | Upon the attainment of such performance objectives, the CEO shall be entitled to a cash bonus in an amount to be determined by the Board with a target of forty percent (40%) of the base salary. |
Common Stock [Member] | Employee Stock Option [Member]
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Commitments and Contingencies (Textual) | |
Options granted to purchase shares | 675,000 |
Share price | $ 6.70 |
Share price term | common stock at $6.7 per share for a term of 10 years |
Stock option expense | $ 32,830 |
Restricted Stock [Member] | Employee Stock Option [Member]
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Commitments and Contingencies (Textual) | |
Options granted to purchase shares | 125,000 |
Option granted as sign on bonus | 100,000 |
Option granted as sign on bonus, Description | 100,000 shares of restricted stock a sign-on bonus of which fifty percent will vest at the one year anniversary of the start date upon starting work. An additional twenty-five percent each will vest at eighteen months and twenty-four months after the start date. |
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Option Granted To Purchase Shares AsSign On Bonus. No definition available.
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Option Granted To Purchase Shares AsSign On Bonus Description. No definition available.
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Performance Objective Description. No definition available.
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Expenditures for salaries of officers. Does not include allocated share-based compensation, pension and post-retirement benefit expense or other labor-related non-salary expense. For commercial and industrial companies, excludes any direct and overhead labor that is included in cost of goods sold. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Price of a single share of a number of saleable stocks of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Excluding long-term commitments, description of arrangements in which the entity has agreed to expend funds to procure goods or services from one or more suppliers, which may include identification of the goods or services to be purchased, identity of the seller, pricing, effects on pricing (such as penalties) of failing to reach minimum quantities required to be purchased, cancellation rights, and termination provisions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The noncash expense that accounts for the value of stock or unit options distributed to employees as compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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