Stock Options, Grants and Warrants (Tables)

12 Months Ended

Dec. 31, 2014

The assumptions used to value the option and warrant grants are as follows:

Information with respect to stock options and warrants outstanding follows:


	Shares		Average Exercise Price
Outstanding at January 1, 2013	—		$	—
Reverse acquisition – warrants	857,242			15.40
Reverse acquisition – options	56,250			13.30
Granted – warrants	866,364			13.26
Granted – options	60,000			4.30
Forfeited – options	(3,750	)		40.00
Outstanding at December 31, 2013	1,836,106			12.91
Granted – warrants	1,500			5.00
Forfeited – options	(2,000	)		12.50
Forfeited – warrants	(229,650	)		15.82
Outstanding at December 31, 2014	1,605,956			12.50


	Options and Warrants Outstanding				Options and Warrants Exercisable
	Shares Outstanding at 12/31/14	Average Remaining Life (Years)	Average Exercise Price		Shares Outstanding At 12/31/14	Average Exercise Price
Less than $5.00	102,000	4.6	$	4.59	82,000	$	4.66
$5.01 to $10.00	193,750	3.6		10.00	193,750		10.00
Greater than $10.00	1,310,206	3.9		13.48	1,310,046		13.48
Total	1,605,956				1,585,796

Information with respect to the Company’s restricted stock awards follows:


Unvested Restricted Stock Awards	Shares		Weighted Average Grant Date Fair Value
Unvested at January 1, 2013	—		$	—
Reverse acquisition	4,375			11.11
Granted	23,000			4.90
Vested	(1,375	)		28.80
Forfeited	—			—
Unvested at December 31, 2013	26,000			4.70
Granted	971,755			3.62
Vested	(212,415	)		3.71
Forfeited	(3,000	)		4.90
Unvested at December 31, 2014	782,340		$	3.62