STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2017

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, 2016		1,143,599		$	1.89
Granted		50,000			1.94
Canceled		(52,398	)		5.63
Vested		(469,643	)		1.63

Nonvested restricted stock outstanding at March 31, 2017		671,558			1.78

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, 2016		218,167		$	12.11	3.33 years	$	-
Canceled		(37,500	)		11.96			-

Outstanding at March 31, 2017		180,667			12.14	3.74 years		-

Vested or expected to vest		180,667			12.14	3.74 years		-

Exercisable as of March 31, 2017		180,667			12.14	3.74 years		-

The following table presents a summary of stock options outstanding:

		At March 31, 2017
		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		127,667		4.03		$	8.73		127,667		$	8.73
$	14.00-$19.99		22,000		2.59			19.98		22,000			19.98
$	20.00-$25.00		31,000		3.35			20.62		31,000			20.62

			180,667		3.74			12.14		180,667			12.14