Quarterly report pursuant to Section 13 or 15(d)

Share-based Payments (Tables)

v3.8.0.1
Share-based Payments (Tables)
 9 Months Ended
Sep. 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 nine months ended September 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     (4,000 )     3.25       3.89       —  
Canceled/Expired     —       —       —       —  
Balance at September 30, 2017     255,000     $ 4.25       2.27     $ —  
Exercisable as of September 30, 2017     250,334     $ 4.27       2.24     $ —  

Schedule of Non Vested Share Activity

A summary of the Company’s non-vested shares as of September 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     (11,168 )     2.07  
Forfeited     (4,000 )     2.36  
Non-vested at September 30, 2017     4,666     $ 2.36  

Summary of Warrant Activity

The table below summarizes the warrant activity for the nine months ended September 30, 2017:

 

                Weighted  
                Average  
          Weighted     Remaining  
    Number of     Average     Contractual  
    Warrants     Exercise Price     Term (years)  
Balance at December 31, 2016     -     $            -       -  
Granted     1,691,370       1.88       -  
Exercised     (200,800 )     1.50       -  
Forfeited     -       -       -  
Canceled/Expired     -       -       -  
Balance at September 30, 2017     1,490,570     $ 1.73       4.40  
Exercisable as of September 30, 2017     1,490,570     $ 1.73       4.40