STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2018

Schedule of Nonvested Share Activity [Table Text Block]

The following table summarizes the activities for our Long-Term Incentive Share rights for the nine months ended September 30, 2018:

	Unvested Long-Term Incentive Shares
Outstanding January 1, 2018	1,725,000
Granted	270,000
Cancelled	(110,000	)
Outstanding September 30, 2018	1,885,000

Stock Option Activity

A summary of stock option activity for the period ended September 30, 2018 is as follows:

	Number of Shares		Option Exercise Price	Weighted Average Exercise Price
Options Outstanding January 1, 2018	879,810
Granted	—		—	—
Exercised	(67,086	)	$5.00 - $9.25	$	5.29
Cancelled	(74,249	)	$5.50 - $17.11	$	10.65
Options Outstanding September 30, 2018	738,475

Outstanding Stock Options

As of September 30, 2018, outstanding stock options were as follows: 

Exercise Price	Options Outstanding and Vested	Intrinsic Value		Weighted Average Remaining Life (Years)
$5.00 – $5.50	171,000	$	544,360	1.05
$6.90 – $7.66	135,950	165,198		3.32
$7.96 – $9.25	113,926	37,434		2.44
$9.50 - $11.67	90,600	—		3.56
$11.99 - $12.97	85,775	—		3.67
$13.00 - $14.33	60,224	—		4.08
$14.88 - $17.11	81,000	—		5.31
	738,475	$	746,992

Stock Incentive Plan

2013 Stock Incentive Plan
Total equity authorized for issuance	4,180,000
Total equity outstanding or exercised	2,883,581
Total equity remaining for future grants	1,296,419

Outstanding Unvested Restricted Stock Awards

The following table summarizes the activities for our restricted stock awards for the nine months ended September 30, 2018: 

	Unvested Shares
Outstanding January 1, 2018	635,223
Granted	—
Vested	(262,483	)
Cancelled	(78,975	)
Outstanding September 30, 2018	293,765

The following table summarizes the activities for our restricted stock units for the nine months ended September 30, 2018:

	Unvested Units
Outstanding January 1, 2018	337,423
Granted	373,175
Vested	—
Cancelled	(46,000	)
Outstanding September 30, 2018	664,598

Outstanding Long-Term Incentive Shares

The following table summarizes the activities for our restricted stock units for the nine months ended September 30, 2018:

	Unvested Units
Outstanding January 1, 2018	337,423
Granted	373,175
Vested	—
Cancelled	(46,000	)
Outstanding September 30, 2018	664,598

These rights consist of five vesting tranches, which Long-Term incentive Shares will be awarded at any time prior to the fifth anniversary of the rights' commencement dates if the closing market price of the Company’s common stock over any 30 consecutive trading days is at or greater than the target price set forth in the table below.

Target Price Per Share	Long-Term Incentive Shares
$13.00	235,625
$16.00	235,625
$20.00	471,250
$25.00	471,250
$30.00	471,250