XML 51 R36.htm IDEA: XBRL DOCUMENT v3.6.0.2
Stockholders' (Deficit) Equity (Tables)
12 Months Ended
Dec. 31, 2016
Stockholders' Equity Note [Abstract]  
Schedule of Stock Options Activity
The following table summarizes the stock option activity for the years ended December 31, 2016, 2015 and 2014:
 
Common
 
Weighted Average
Exercise Price
Balance at January 1, 2014
1,140,231

 
$
5.21

Exercised
(73,043
)
 
1.82

Canceled
(34,567
)
 
12.56

Forfeited
(2,100
)
 
3.54

Balance at December 31, 2014
1,030,521

 
5.29

Granted
850,000

 
2.68

Exercised
(171,718
)
 
1.68

Canceled
(313,934
)
 
8.61

Balance at December 31, 2015
1,394,869

 
3.40

Exercised
(226,011
)
 
1.41

Canceled
(533,484
)
 
3.99

Forfeited
(447,667
)
 
2.71

Balance at December 31, 2016
187,707

 
$
5.78

Schedule of Stock Options Outstanding
The following table summarizes information about stock options outstanding and exercisable as of December 31, 2016:
 
Options Outstanding
 
 Options Exercisable
 
Number of Options
 
Weighted-Average
Remaining
Contractual Life
 
Weighted-Average
Exercise Price
 
Number of Options
 
Weighted-Average
Exercise Price
Common
 
 
 
 
 
 
 
 
 
2007 grants
51,000

 
7 months
 
$
14.76

 
51,000

 
$
14.76

2008 grants
34,020

 
23 months
 
2.64

 
34,020

 
2.64

2009 grants
41,372

 
34 months
 
1.75

 
41,372

 
1.75

2010 grants
11,315

 
42 months
 
1.91

 
11,315

 
1.91

2015 grants
50,000

 
105 months
 
2.95

 
12,500

 
2.95

Total Grants
187,707

 
44 months
 
$
5.78

 
150,207

 
$
6.48

Schedule of Stock Option and Non-Restricted Stock Grants Issued
Options granted during the year ended December 31, 2015 to employees of the Company were as follows:
Date
Number of
Shares
 
Exercise
Price
 
Grant Date
Fair Value
August 19, 2015
700,000

 
$
2.61

 
$
1,827

October 12, 2015
50,000

 
$
2.95

 
148

October 19, 2015
100,000

 
$
3.04

 
304

 
850,000

 
 
 
$
2,279

Schedule of Fair Value Inputs
The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:
Common
 
Risk-Free Interest Rate
 
Expected Dividend Yield
 
Expected Term (Years)
 
Expected Volatility
2015 Grants
 
1.1
%
 

 
3.99
 
52.03
%
Schedule of Restricted Stock Grants
The following restricted stock grants were issued to employees of the Company during the year ended December 31, 2016.
 
Number
of Shares
 
Share
Price
 
Grant Date
Fair Value
March 10, 2016
559,000

 
$
2.06

 
$
1,152

September 30, 2016
200,000

 
$
3.09

 
618

December 12, 2016
952,000

 
$
2.60

 
2,475

Total
1,711,000

 
 
 
$
4,245



The following table summarizes the restricted stock activity for the years ended December 31, 2016, 2015 and 2014:
 
Number
of Shares
 
Weighted
Average
Grant Date
Fair Value
Balance as of January 1, 2014
363,171

 
$
10.08

Granted
196,500

 
8.47

Vested
(116,890
)
 
9.82

Forfeited
(41,247
)
 
9.92

Balance as of December 31, 2014
401,534

 
9.38

Granted
507,000

 
4.27

Vested
(133,874
)
 
9.20

Forfeited
(249,790
)
 
8.19

Balance as of December 31, 2015
524,870

 
5.06

Granted
1,711,000

 
2.48

Vested
(222,495
)
 
4.59

Forfeited
(402,000
)
 
3.39

Balance as of December 31, 2016
1,611,375

 
$
2.80