Quarterly report pursuant to Section 13 or 15(d)

Share-based Payments (Tables)

v3.7.0.1
Share-based Payments (Tables)
 3 Months Ended
Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock Options Activity

The following table summarizes the option activities for the three months ended March 31, 2017:

 

                  Weighted        
                  Average        
            Weighted     Remaining     Aggregate  
      Number of     Average     Contractual     Intrinsic  
      Shares     Exercise Price     Term (years)     Value  
  Balance at December 31, 2016       259,000     $ 4.23       3.05     $ -  
  Granted       -       -       -       -  
  Exercised       -       -       -       -  
  Forfeited       -       -       -       -  
  Canceled/Expired       -       -       -       -  
  Balance at March 31, 2017       259,000     $ 4.23       2.80     $ 17,100  
  Exercisable as of March 31, 2017       239,167     $ 4.31       2.67     $ 17,100  

 
Schedule of Non Vested Share Activity

 

A summary of the Company’s non-vested shares as of March 31, 2017 and the changes during the period then ended are as follows:

 

          Weighted  
          Average Grant  
Non-Vested Shares   Shares     Date Fair Value  
Non-vested at January 1, 2017     19,834     $ 2.36  
 Granted     -       -  
 Vested     -       -  
 Forfeited     -       -  
Non-vested at March 31, 2017     19,834     $ 2.36  

Summary of Warrant Activity

The table below summarizes the warrant activity for the three months ended March 31, 2017:

 

                Weighted  
                Average  
          Weighted     Remaining  
    Number of     Average     Contractual  
    Warrants     Exercise Price     Term (years)  
Balance at December 31, 2016     -     $ -       -  
  Granted     1,618,950       1.48       4.88  
  Exercised     (163,300 )     (1.50 )     (4.79 )
  Forfeited     -       -       -  
  Canceled/Expired     -       -       -  
Balance at March 31, 2017     1,455,650     $ 1.72       4.90  
Exercisable as of March 31, 2017     731,450     $ 1.47       4.79