Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.5.0.2
STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2016
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, 2015            
Issuance of restricted stock units     935,000     $ 2.30  
Vested restricted stock units     (33,750 )   $ (2.47 )
Balance of unvested restricted stock units at September 30, 2016     901,250     $ 2.14  
Summary of stock option
    Nine Months
Ended September 30, 2015

Risk-free interest rates

Expected option life in years

Expected stock price volatility

Expected dividend yield

 

1.39%

5 years

30.24%

-0-

Summary of information of stock options outstanding and exercisable
            Weighted        
        Weighted   Average       Weighted
Range of       Average   Remaining       Average
Exercise   Options   Exercise   Life in   Options   Exercise
    Price       Outstanding       Price           Years       Exercisable       Price    
                     
$0.83 - $2.34   2,410,000   $1.29   2.90   2,410,000   $1.29
Outstanding warrants to puchase shares
  Number of   Exercise    
  Warrants   Price   Expiration Date
           
  250,000   $2.10   May 21, 2018
  250,000   $1.40   May 21, 2018
  125,000   $2.10    July 26, 2018
  125,000   $1.40    July 26, 2018
Total       750,000