Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

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STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2017
Stock-based Compensation Tables  
Summary of restricted stock unit activity

    Number of Shares     Weighted-Average Grant Date Fair Value  
Balance of restricted stock units outstanding at December 31, 2016     890,000     $ 2.29  
Grants of restricted stock units     40,500     $ 3.80  
Vested restricted stock units     (10,125 )   $ (3.80 )
Balance of unvested restricted stock units at March 31, 2017     920,375     $ 2.34  

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   2,110,000   $1.28   2.75   2,110,000