STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2013

STOCKHOLDERS' EQUITY

Schedule of restricted stock grants awarded

The following table details the restricted stock grants awarded as of December 31, 2013.

Grant Date	Vesting Start Date	Shares Granted
May 1, 2012	July 1, 2012		35,135
June 18, 2012	July 1, 2012		7,027
July 9, 2012	October 1, 2012		25,000
June 26, 2013	July 1, 2013		22,526
November 25, 2013	November 25, 2016		30,381
Total			120,069

Schedule of restricted stock award activity

	Restricted Stock Grants—Directors			Restricted Stock Grants—Officer			Restricted Stock Grants—Employees		Total
Balance as of December 31, 2012		31,080			23,436			—		54,516
Granted		22,526			—			30,381		52,907
Vested		(25,269	)		(6,250	)		—		(31,519	)
Forfeited		(2,917	)		—			—		(2,917	)
Balance as of December 31, 2013		25,420			17,186			30,381		72,987

Future anticipated vesting schedule of restricted stock awards

	Restricted Stock Grants—Directors		Restricted Stock Grants—Officer		Restricted Stock Grants—Employees		Total
2014		18,768		6,250		—		25,018
2015		5,818		6,250		—		12,068
2016		834		4,686		30,381		35,901
2017		—		—		—		—
2018		—		—		—		—
Total		25,420		17,186		30,381		72,987

Summary of activity in the Company's vested and nonvested shares of restricted stock

The following table summarizes the restricted stock compensation expense included in general and administrative expenses, the total fair value of shares vested and the aggregate grant date fair value of the restricted stock granted to the directors, officers and employees of the Company for the years ended December 31, 2013 and 2012 (in thousands):

	For the Year Ended December 31,
	2013								2012
	Restricted Stock Grants								Restricted Stock Grants
	Directors		Officers		Employees		Total		Directors		Officers		Total
Compensation expense included in general and administrative expenses	$	408	$	106	$	10	$	524	$	285	$	53	$	338
Total fair value of shares vested(1)		366		92		—		458		182		26		208
Weighted average grant date fair value		289		—		398				756		423

(1)

Based on the closing price of the Company's common stock on the NYSE on each vesting date.