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Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2014
Stock-Based Compensation [Abstract]  
Schedule of Stock-Based Compensation

 

A summary of stock option activity under the 2011 Long-Term Incentive Plan as of June 30, 2014, and changes during the six months ended June 30, 2014, are presented below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock
Options

 

Weighted average
exercise price

 

Weighted
average remaining
contractual term

 

Aggregate
intrinsic value

Outstanding as of December 31, 2013

 
261,400 

 

$
9.81 

 
6.4 

 

$
418,160 

Granted

 
105,000 

 

 
10.21 

 
9.7 

 

 

 -

Exercised

 

 -

 

 

 -

 

 -

 

 

 -

Forfeited

 

 -

 

 

 -

 

 -

 

 

 -

Outstanding as of June 30, 2014

 
366,400 

 

$
9.92 

 
7.4 

 

$
418,160 

Exercisable as of June 30, 2014

 
204,066 

 

$
11.07 

 
6.0 

 

$
240,712