Stock-Based Compensation

6 Months Ended

Jun. 30, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-Based Compensation

Note Eleven — Stock-Based Compensation

Restricted Stock

Restricted stock awards are shares of common stock granted to an individual that vest over a period of time. During the vesting period, the holder of restricted stock receives all of the benefits of ownership (right to dividends, voting rights, etc.), other than the right to sell or otherwise transfer any interest in the stock. Restricted stock awards granted during the six months ended June 30, 2018 were as follows:

Description	Grant Date	Shares		Vesting Schedule
Grants to employees	2/14/2018		105,611	100% on February 28, 2019
Grants to employees	2/14/2018		164,250	50% on February 28, 2020, 6.25% quarterly thereafter
Total			269,861

Restricted stock award activity was as follows for the six months ended June 30, 2018:

	Shares			Weighted Average Price
Unvested balance at December 31, 2017		1,365,200		$	3.65
Granted		269,861		$	2.55
Vested		(372,576	)	$	3.96
Forfeited		(40,807	)	$	2.72
Unvested balance at June 30, 2018		1,221,678		$	3.33