Stock-based Compensation (Tables)

9 Months Ended

Sep. 30, 2017

Stock-based Compensation

Summary of stock option activity

	Shares	Weighted Average Exercise Price	Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value
Nine Months Ended September 30, 2017:
Outstanding at January 1, 2017	540,625	$    2.18
Granted	-	-
Exercised	-	-
Forfeited	-	-
Outstanding at September 30, 2017	540,625	$    2.18	7.24	$  315,000
Exercisable at September 30, 2017	180,625	$    3.29	4.94	$    63,000
Nine Months Ended September 30, 2016:
Outstanding at January 1, 2016	90,625	$    4.95
Granted	450,000	1.62
Exercised	-	-
Forfeited	-	-
Outstanding at September 30, 2016	540,625	$    2.18	8.24	$   63,000
Exercisable at September 30, 2016	90,625	$    4.95	2.50	$             -