STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2017

Equity [Abstract]

Schedule of warrant activity

The following table summarizes the Company’s warrant activity:

	Common Unit Warrants
	Number of Warrants		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (In Years)
Outstanding – December 31, 2016		2,524,376	$	6.67		2.50
Granted		—		—		—
Exercised		—		—		—
Cancelled (forfeited)		—		—		—
Outstanding – March 31, 2017		2,524,376	$	6.67		2.26
Exercisable –  March 31, 2017		2,386,376	$	6.67		2.26

Schedule of option activity

A summary of the restricted stock activity for the three months ended March 31, 2017 is presented as follows:

	Shares			Weighted Average Grant Date Fair Value
Unvested balance at December 31, 2016		412,914			5.04
Granted		10,000			4.99
Vested		(105,284	)		4.42
Forfeited		-			-
Unvested balance at March 31, 2017		317,666			5.24