EMPLOYMENT ARRANGEMENTS AND OTHER AGREEMENTS (Details Narrative) - USD ($) |
12 Months Ended | |
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Dec. 31, 2015 |
Dec. 31, 2014 |
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Employment Arrangements And Other Agreements Details Narrative | ||
Annual base salary Chairman and CEO | $ 415,000 | $ 415,000 |
Target annual bonus Chairman and CEO | 150,000 | 150,000 |
Annual cash bonus for CEO | 200,000 | $ 200,000 |
Issuance of stock option to CEO to purchase common stock | 500,000 | |
CEO Stock option, exercise price | $ 1.19 | |
Number of shares vested in equal quarterly amounts | 41,667 | |
Earned incentive compensation | $ 886,000 | $ 614,000 |
Number of years option granted to Chief Financial Officer | 5 years | |
Annual base salary of Chief Financial Officer | $ 157,500 | |
Annual bonus for Chief Financial Officer | $ 30,000 | $ 30,000 |
CFO stock option, exercise price | $ 1.65 | |
Issuance of stock option to CFO to purchase common stock | 50,000 |
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- Definition Target bonus or minimum bonus Chairman and CEO No definition available.
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- Definition Carrying value as of the balance sheet date of obligations incurred and payable for incentive compensation awarded to employees and directors or earned by them based on the terms of one or more relevant arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate number of common shares reserved for future issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Agreed upon price for the exchange of the underlying asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition 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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- Definition Expenditures for salaries other than 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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- Definition Expenditures for salaries for officers and non-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. No definition available.
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