Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2015

Summary of Stock Option Activity

The following tables summarize stock option activity during the three month period ended March 31, 2015:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at January 1, 2015		101,000		$	5.31
Granted		—			—
Exercised		—			—
Forfeited		(37,000	)		7.29
Outstanding and exercisable at March 31, 2015		64,000		$	4.17	4.8 years	$	21,500
Exercisable at March 31, 2015		64,000		$	4.17	4.8 years	$	21,000
Options vested and expected (as of March 31, 2015) to vest in the future		64,000		$	4.17	4.8 years	$	21,500

Summary of Restricted Share Activity

A summary of the status of the Company’s restricted share activity follows:

	Shares			Weighted Average Grant Date Fair Values
Unvested restricted shares outstanding at January 1, 2015		268,985		$	3.43
Granted		—			—
Vested(1)		(103,494	)		3.44
Forfeited		—			—
Unvested restricted shares at March 31, 2015		165,491		$	3.42

(1) Service-based restricted shares.