Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2017

Stock-Based Compensation

Summary of stock option activity

	2017					2016
	Number Outstanding			Weighted Average Exercise Price		Number Outstanding		Weighted Average Exercise Price
Outstanding at beginning of year		540,625		$	2.18		90,625	$	4.95
Granted during the year		-			-		450,000		1.62
Exercised during the year		-			-		-		-
Forfeited or expired during the year		(3,125	)		4.80		-		-
Outstanding at end of year		537,500		$	2.19		540,625	$	2.18
Exercisable at end of year		177,500		$	3.26		90,625	$	4.95

Summary of options outstanding and exercisable

Options outstanding and exercisable at year-end 2017 were as follows:

	Outstanding								Exercisable
Grant Date	Number Outstanding		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Aggregate Intrinsic Value		Number Outstanding		Weighted Average Exercise Price		Aggregate Intrinsic Value
January 21, 2009		7,500		1.05 years	$	4.00				7,500	$	4.00
March 18, 2009		75,000		1.21 years	$	4.98				75,000	$	4.98
January 21, 2010		5,000		2.05 years	$	6.00				5,000	$	6.00
February 24, 2016		450,000		8.15 years	$	1.62				90,000	$	1.62
		537,500		6.98 years	$	2.19	$	333,000		177,500	$	3.26	$	67,000