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, 2018
Stock-based Compensation Tables  
Summary of restricted stock unit activity

A summary of restricted stock unit activity for the three months ended March 31, 2018 is as follows (each restricted stock unit represents the right to receive one share of the Company's common stock):

 

    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     45,000       2.60  
Vested restricted stock units     (11,250 )     (2.60 )
Balance of unvested restricted stock units at March 31, 2018     853,750     $ 2.29  

 

Summary of information of stock options outstanding and exercisable

The following table presents information relating to all stock options outstanding and exercisable at March 31, 2018:

 

            Weighted    
        Weighted   Average    
Range of       Average   Remaining    
Exercise   Options   Exercise   Life in   Options
Price   Outstanding   Price   Years   Exercisable
                 
$0.83 - $2.34   1,935,000   $1.29   1.93   1,935,000