Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.4.0.3
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Award Activity
The following table summarizes the Company’s stock option activity for the three months ended March 31, 2016:
 
   
Number of
Options
   
Weighted
Average
Exercise
Price
   
Weighted
Average
Remaining
Contractual
Life
(in Years)
   
Aggregate
Intrinsic
Value
 
Outstanding - December 31, 2015
   
157,190
   
$
3.75
     
8.0
   
$
-
 
Granted
   
-
     
-
                 
Exercised
   
-
     
-
                 
Forfeited or Canceled
   
(11,333
)
   
(3.45
)
               
Outstanding – March 31, 2016
   
145,857
   
$
3.78
     
8.2
   
$
-
 
                                 
Exercisable – March 31, 2016
   
108,522
     
3.89
     
8.2
   
$
-
 
 
Schedule of Unvested Award activity
A summary of the changes in the Company’s unvested stock options is as follows:
 
   
Number of
Options
   
Weighted
Average
Grant
Date Fair
Value
 
Unvested - December 31, 2015
   
109,522
   
$
1.72
 
Granted
   
-
     
-
 
Vested
   
(70,187
)
   
(1.75
)
Forfeited or Canceled
   
(2,000
)
   
(1.65
)
Unvested – March 31, 2016
   
37,335
   
$
1.65