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Equity (Tables)

9 Months Ended

Sep. 30, 2015

Schedule of status of the restricted stock grants issued under the Equity Plan

Restricted Stock Grants	Number of Shares		Weighted Average Grant Date Fair Value Per Share
Outstanding at December 31, 2014	600,838		$	1.48
Granted during the period	—		—
Restrictions lifted during the period	(130,833	)	2.66
Forfeited during the period	—		—

Outstanding at September 30, 2015	470,005		$	1.15

Schedule of status of the stock option grants issued under the Equity Plan

Equity Plan Options	Number of Shares	Weighted Average Exercise Price Per Share
Outstanding at December 31, 2014	245,810	$	3.47
Granted during period	—	—
Forfeited or expired during period	—	—
Exercised during period	—	—

Outstanding at September 30, 2015	245,810	3.47

Exercisable at end of period	95,810	8.02
Granted and vested	95,810	8.02

Schedule of status of the RSU grants issued under the Deferred Compensation Plan

Restricted Stock Units	Number of Shares	Weighted Average Grant Date Fair Value Per Share
Outstanding at December 31, 2014	935,285	$	2.08
Granted during the period	310,000	0.39
Restrictions lifted during the period	—	—
Forfeited during the period	—	—

Outstanding at September 30, 2015	1,245,285	$	1.66

Summary of the status of the Company's common stock warrants

Common Stock Warrants	Number of Underlying Shares	Weighted Average Exercise Price Per Share
Outstanding at December 31, 2014	8,777,409	$	3.95
Granted during period	—	—
Dilution adjustment	—	—
Expired during period	—	—
Exercised during period	—	—

Outstanding at September 30, 2015	8,777,409	$	3.95

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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