STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2018

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, 2017		2,524,376		$	6.67		1.50
Granted		—			—		—
Exercised		(73,309	)		4.55		—
Expired		(13,067	)		4.55		—
Outstanding – September 30, 2018		2,438,000		$	6.75		0.80
Exercisable – September 30, 2018		2,438,000		$	6.75		0.80

Schedule of Stock Options, Valuation Assumptions

The shares were recorded at the fair value of $5.55 per share for a total of $444,000 and the stock options were valued using a Black Scholes model at $3.52 per option using the assumptions noted in the following table.

	2018
Expected volatility		67.8	%
Risk-free interest rate		2.5	%
Expected life		6.25	years
Dividend yield		0.0	%

Summary of restricted stock activity

A summary of the restricted stock activity is presented as follows:

	Shares			Weighted Average Grant Date Fair Value
Unvested balance at December 31, 2017		237,000		$	5.24
Granted		—			—
Vested		(68,166	)		5.24
Forfeited		(30,000	)		5.25
Unvested balance at September 30, 2018		138,834		$	5.24

Schedule of option activity

The following table summarizes the Company’s stock option activity:

	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (In Years)
Outstanding – December 31, 2017	—		$	—	—
Granted		229,334		5.55		10.00
Exercised		—		—		—
Expired		—		—		—
Outstanding – September 30, 2018		229,334	$	5.55		9.33
Exercisable – September 30, 2018		—		—		—