Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Fair Value Assumptions Used in Valuing Stock Options

Option awards are valued based on the grant date fair value of the instruments, net of estimated forfeitures, using a Black-Scholes option pricing model with the following assumptions:

	Three Months Ended June 30,
	2017	2016
Volatility	48 - 49%	38% - 50%
Risk-free interest rate	1.90% - 2.26%	1.12% - 1.65%
Expected term	6.25 years	6.25 years

Schedule of Stock Option Activity

The following summarizes stock option activity for the three months ended June 30, 2017: 

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
Outstanding at December 31, 2016		1,128,368		$	5.12		7.0	$	514,439
Granted		319,000			4.85
Exercised		(407	)		3.34
Forfeited		(123,235	)		5.16
Outstanding at June 30, 2017		1,323,726		$	5.06		6.7	$	171,772
Exercisable at June 30, 2017		625,374		$	5.21		4.5	$	103,011