Share-based compensation (Tables)

9 Months Ended

Sep. 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:

Nine Month Periods Ended September 30,	2016			2015
Assumptions
Dividend yield		0	%		0	%
Risk free interest rate		0.85%-1.01	%		0.83%-1.103	%
Expected volatility		47%-53	%		49%-60	%
Expected lives		3 years			3 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		(530,425)	$	2.38
-Granted		1,170,534	$	3.95
Outstanding at September 30, 2016		3,273,698	$	2.68

Weighted average contractual life and exercise price

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

			Weighted Average
	Number of		Remaining	Weighted Average
	Options		Contractual Life	Exercise Price
Options outstanding and fully vested		3,273,698	2.3 years	$	2.68

Intrinsic value

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

Options outstanding	$	12,985,136
Options exercised in 2016	$	1,499,774