Quarterly report pursuant to Section 13 or 15(d)

Share-based Payments (Tables)

v3.7.0.1
Share-based Payments (Tables)
 6 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock Options Activity

The following table summarizes the option activities for the six months ended June 30, 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     $ 20,100  
Granted     -       -       -       -  
Exercised     -       -       -       -  
Forfeited     -       -       -       -  
Canceled/Expired     -       -       -       -  
Balance at June 30, 2017     259,000     $ 4.23       2.55     $ 600  
Exercisable as of June 30, 2017     241,667     $ 4.30       2.44     $ 600  

Schedule of Non Vested Share Activity

A summary of the Company’s non-vested shares as of June 30, 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     (2,500 )     1.05  
Forfeited     -       -  
Non-vested at June 30, 2017     17,334     $ 2.36  

Summary of Warrant Activity

The table below summarizes the warrant activity for the six months ended June 30, 2017:

 

                Weighted  
          Weighted     Average  
          Average     Remaining  
      Number of
Warrants 		      Exercise Price       Contractual
Term (years) 		 
Balance at December 31, 2016     -     $ -       -  
Granted     1,691,370       1.88       -  
Exercised     (200,800 )     1.50       -  
Forfeited     -       -       -  
Canceled/Expired     -       -       -  
Balance at June 30, 2017     1,490,570     $ 1.73       4.65  
Exercisable as of June 30, 2017     693,950     $ 1.47       4.54