6. STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of options activity

As of September 30, 2018, we had outstanding options to acquire 548,282 shares of our common stock, of which options to acquire 95,211 shares were exercisable. The following summarizes all of our option transactions for the nine months ended September 30, 2018:

Outstanding Options Under the 2006 Plan	Shares			Weighted Average Exercise price Per Common Share		Weighted Average Remaining Contractual Life (in years)		Aggregate Intrinsic Value
Balance, December 31, 2017		420,149		$	6.82
Granted		133,133			10.05
Exercised		(5,000	)		2.04
Balance, September 30, 2018		548,282			7.10		7.52	$	4,360,813
Exercisable at September 30, 2018		95,211			4.51		4.24		1,003,378

Schedule of RSA activity

The following summarizes all unvested RSA’s activities during the nine months ended September 30, 2018:

	RSA's			Weighted-Average Remaining Contractual Term (Years)		Weighted-Average Fair Value
RSA's unvested at December 31, 2017		447,351				$	6.17
Changes during the period
Granted		512,160				$	10.30
Vested		(671,607	)			$	7.92
Forfeited or Cancelled		(1,150	)			$	6.00
RSA's unvested at September 30, 2018		286,754			0.64	$	9.81