Share-based compensation (Tables)

6 Months Ended

Jun. 30, 2016

Share-Based Compensation [Abstract]

Weighted-average assumptions used in determining fair value of share based awards

The Company determines the fair value of share based awards at the grant date by using the Black-Scholes option-pricing model, and is incorporating the simplified method to compute expected lives of share based awards with the following weighted-average assumptions:

Six Month Period  Ended June 30,	2016			2015
Assumptions
Dividend yield		0	%		0	%
Risk free interest rate		1.01	%		.83%-1.69	%
Expected volatility		47	%		59%-76	%
Expected lives		3 years			3-5 years

Summary of status of company's stock option plan

A summary of the activity for stock options issued under the Company's Plans for the indicated periods is presented below:

Stock Option Plan Totals	Shares		Weighted Average Exercise Price
Outstanding at December 31, 2014		3,280,874	$	1.98
-Cancelled		(132,500)	$	3.72
-Exercised		(679,291)	$	1.65
-Granted		164,506	$	3.28
Outstanding at December 31, 2015		2,633,589	$	2.06
-Exercised		(140,125)	$	1.29
-Granted		50,000	$	3.43
Outstanding at June 30, 2016		2,543,464	$	2.13

Weighted average contractual life and exercise price

The following is the weighted average contractual life in years and the weighted average exercise price at June 30, 2016 of:

			Weighted Average
	Number of		Remaining	Weighted Average
	Options		Contractual Life	Exercise Price
Options outstanding		2,543,464	1.9 years	$	2.13
Options vested		2,540,130	1.9 years	$	2.13

Intrinsic value

The following is the intrinsic value at June 30, 2016 of:

Options outstanding	$	3,776,000
Options exercised in 2016	$	306,000