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Options, Warrants, and Restricted Stock Units (Tables)

6 Months Ended

Jun. 30, 2017

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

Schedule of common stock options activity

The following table summarizes the Company’s stock options outstanding as of June 30, 2017.

Stock Options Outstanding as of June 30, 2017
Date of Grant			Exercise Price ($)				Expiration Date		Remaining Contractual Life (Years)				Number Outstanding				Number Exercisable
03/31/2014				8.00			03/31/2019			1.75				163,301				143,704
04/04/2014				8.69			04/04/2019			1.76				14,155				12,456
										Total				177,456				156,160

Schedule of restricted stock awards activity

The following table summarizes RSU activity for the six months ended June 30, 2017.

Restricted Stock Units		Number of Units				Weighted Average Grant Date Fair Value
Non-vested units, December 31, 2016			20,500			$	1.34
Granted			—				—
Vested			—				—
Forfeited			—				—
Non-vested units, June 30, 2017			20,500			$	1.34

Schedule of stock warrants issued, exercised and outstanding

The following table summarizes the Company’s warrants outstanding as of June 30, 2017.

Date of Grant			Exercise Price ($)				Expiration Date		Remaining Contractual Life (Years)				Number Outstanding and Exercisable
03/31/2014				9.60			03/31/2019			1.75				312,500
03/31/2014				10.00			03/31/2019			1.75				94,375
02/24/2015				15.00			02/24/2022			4.66				1,500,000
										Total				1,906,875

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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