Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 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			(20,000	)			1.65
Unvested – March 31, 2015			128,189			$	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 – March 31, 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			(20,000	)			(3.45	)
Outstanding – March 31 2015			358,857			$	3.58				9.2			$	456,400

Exercisable – March 31,2015			230,668				3.45				9.2			$	322,935

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 – March 31, 2015			362,500			$	8.34				4.3			$	85,000

Exercisable – March 31, 2015			131,250				10.00				3.9			$	-