Annual report pursuant to Section 13 and 15(d)

STOCKHOLDERS' EQUITY (Tables)

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STOCKHOLDERS' EQUITY (Tables)
 12 Months Ended
Dec. 31, 2018
Stockholders Equity  
Summary of restricted stock unit activity

    Number of Shares     Weighted-Average Grant Date Fair Value  
Balance of restricted stock units outstanding at December 31, 2017     820,000     $ 2.28  
Grants of restricted stock units     175,000       2.57  
Vested restricted stock units     (490,000 )     2.49  
Balance of unvested restricted stock units at December 31, 2018     505,000     $ 2.17  

Schedule of stock option activity

    2018     2017  
          Weighted           Weighted  
          Average           Average  
    Options     Exercise     Options     Exercise  
    Outstanding     Price     Outstanding     Price  
                         
Options outstanding at beginning of year     2,010,000     $ 1.28       2,310,000     $ 1.29  
Granted     ―       ―       ―       ―  
Expired     —       —       —       ―  
Exercised     (375,000 )   $ 1.74       (300,000 )   $ 1.31  
                                 
Options outstanding at end of year     1,635,000     $ 1.18       2,010,000     $ 1.28  
                                 
Options exercisable at end of year     1,635,000     $ 1.18       2,010,000     $ 1.28  

Summary of information of stock options outstanding and exercisable

                Weighted        
          Weighted     Average        
Range of         Average     Remaining        
Exercise   Options     Exercise     Life in     Options  
Price   Outstanding     Price     Years     Exercisable  
                         
$0.83 - $2.34     1,635,000     $ 1.18       1.49       1,635,000