Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.2.0.727
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Unvested Award activity

Number of

Options

   

Weighted

Average

Grant

Date Fair

Value

 


Unvested - December 31, 2014

  163,000     $ 1.65  

Granted

  32,857       1.87  

Vested

  (47,668 )     (1.65 )

Forfeited or Canceled

    (38,000 )     (1.65

Unvested – June 30, 2015

    110,189     $ 1.71  
Schedule of Award Fair Value Assumptions

Risk-free interest rate

    1.41%  

Expected dividend yield

    0.00%  

Expected volatility

    39.47%  

Expected term

    5.5 years   
Schedule of Restricted Stock Activity


 

Number of

Shares

 

Unvested - December 31, 2014

 

 

200,001

 

Granted

 

 

-

 

Vested

 

 

-

 

Forfeited or Canceled

 

 

-

 

Unvested – June 30, 2015

 

 

200,001

 

Stock Options [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Award Activity

Number of

Options

   

Weighted

Average Exercise

Price

   

Weighted

Average

Remaining

Contractual

Life

(in Years)

   

Aggregate

Intrinsic Value

 

Outstanding - December 31, 2014

  346,000     $ 3.45       9.4     $ 491,320  

Granted

  32,857       4.90                  

Exercised

  -       -                  

Forfeited or Canceled

    (38,000 )     (3.45 )                

Outstanding – June 30, 2015

    340,857     $ 3.59       8.8     $ -  
                                 

Exercisable – June 30, 2015

    230,668       3.45       8.6     $ -  
Warrants [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Award Activity

Number of

Warrants

   

Weighted

Average Exercise

Price

   

Weighted

Average

Remaining

Contractual Life

(in Years)

   

Aggregate

Intrinsic Value

 

Outstanding - December 31, 2014

  362,500     $ 8.34       4.5     $ 85,000  

Granted

  -       -                  

Exercised

  -       -                  

Forfeited or Canceled

    -       -                  

Outstanding – June 30, 2015

    362,500     $ 8.34       4.0     $ -  
                                 

Exercisable – June 30, 2015

    131,250       10.00       3.7     $ -