Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2017

Equity [Abstract]

Schedule of stock option activity

The following table summarizes the Company’s stock option activity for the three months ended March 31, 2017:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in Years)		Aggregate Intrinsic Value
Outstanding - December 31, 2016		434,998		$	2.59		1.7	$	-
Granted		-			-
Exercised		-			-
Forfeited or Canceled		(43,000	)		2.66
Outstanding – March 31, 2017		391,998		$	2.58		1.5	$	-
Exercisable – March 31, 2017		358,249		$	2.71		1.3	$	-

Schedule of stock option activity for non-vested options

The following table summarizes the Company’s stock option activity for non-vested options for the three months ended March 31, 2017:

	Number of Options			Weighted Average Grant Date Fair Value
Balance at December 31, 2016		45,001		$	0.86
Granted		-			-
Vested		(4,585	)		(0.86	)
Forfeited or Canceled		(6,667	)		(1.28	)
Balance at March 31, 2017		33,749		$	0.86

Schedule of restricted stock award activity

A summary of the restricted stock award activity for the three months ended March 31, 2017 is as follows:

	Number of Shares
Unvested Outstanding at December 31, 2016		793,333
Granted		6,000
Forfeited		-
Vested		(169,750	)
Unvested Outstanding at March 31, 2017		629,583