Stock-based Compensation (Tables)

3 Months Ended

Mar. 31, 2017

Stock-based Compensation

Summary of stock option activity

	Shares	Weighted Average Exercise Price	Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value
Three Months Ended March 31, 2017:
Outstanding at January 1, 2017	540,625	$    2.18
Granted	-	-
Exercised	-	-
Forfeited	-	-
Outstanding at March 31, 2017	540,625	$    2.18	7.74	$  86,000
Exercisable at March 31, 2017	180,625	$    3.29	5.44	$  17,000
Three Months Ended March 31, 2016:
Outstanding at January 1, 2016	90,625	$    4.95
Granted	450,000	1.62
Exercised	-	-
Forfeited	-	-
Outstanding at March 31, 2016	540,625	$    2.18	7.74	$ 140,000
Exercisable at March 31, 2016	90,625	$    4.95	3.00	$             -