STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2016

The following is a summary of transactions pertaining to restricted stock:

	Shares			Weighted Average Grant Date Fair Value Per Share
Nonvested restricted stock outstanding at December 31, 2015		450,494		$	3.69
Canceled		(26,200	)		5.63
Vested		(92,148	)		3.96

Nonvested restricted stock outstanding at March 31, 2016		332,146			3.46

The following is a summary of transactions pertaining to stock options:

	Shares			Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2015		246,167		$	12.52	3.98 years	$	-
Canceled		(7,500	)		11.99			-

Outstanding at March 31, 2016		238,667			12.54	3.80 years		-

Vested or expected to vest		238,667			12.54	3.80 years		-

Exercisable as of March 31, 2016		238,667			12.54	3.80 years		-

The following table presents a summary of stock options outstanding:

		At March 31, 2016
		Stock Options Outstanding						Stock Options Exercisable
Range of Exercise Prices		Shares		Contractual Weighted Average Life (years)		Weighted Average Price		Shares		Weighted Average Exercise Price
$	4.00-$13.99		165,167		4.10	$	9.46		165,167	$	9.46
$	14.00-$19.99		42,500		2.23		18.61		42,500		18.61
$	20.00-$25.00		31,000		4.35		20.62		31,000		20.62

			238,667		3.80		12.54		238,667		12.54