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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
 
 
 
For the three months ended
 
 
 
March 31, 2015
 
 
 
 
 
 
Expected volatility
 
 
52.7% - 55.2%
 
Expected term (in years)
 
 
3.2 -3.3 years
 
Risk-free rate
 
 
0.89% - 1.14%
 
Expected dividends
 
 
0%
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of option activity under the 1999 Plan, the Director Plan and the 2009 Plan as of March 31, 2015 and changes during the period are presented below:
 
 
 
 
 
Weighted
 
 
 
Number of
 
Average
 
 
 
Options
 
Exercise Price
 
Outstanding as of January 1, 2015
 
 
2,436,834
 
$
1.79
 
Issued
 
 
590,500
 
$
10.12
 
Exercised
 
 
(7,666)
 
$
2.07
 
Forfeited
 
 
(10,500)
 
$
3.06
 
Expired
 
 
-
 
 
-
 
Outstanding as of March 31, 2015
 
 
3,009,168
 
$
3.42
 
 
 
 
 
 
 
 
 
Exercisable as of March 31, 2015
 
 
1,736,997
 
$
1.20
 
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
The following table summarizes information regarding options outstanding and exercisable at March 31, 2015:
 
Outstanding:
 
 
 
 
 
 
 
 
 
 
 
Weighted
 
 
 
Stock
 
Weighted
 
Average
 
 
 
Options
 
Average
 
Remaining
 
Range of  Exercise Prices
 
Outstanding
 
Exercise Price
 
Contractual Life
 
$0.55 - $1.00
 
 
95,000
 
$
0.78
 
 
2.83
 
$1.01 - $1.50
 
 
1,883,500
 
$
1.07
 
 
6.89
 
$1.51 - $10.67
 
 
1,030,668
 
$
7.96
 
 
9.23
 
Total
 
 
3,009,168
 
$
3.42
 
 
7.57
 
 
Exercisable:
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock
 
Weighted
 
 
 
Options
 
Average
 
Range of  Exercise Prices
 
Exercisable
 
Exercise Price
 
 
 
 
 
 
 
$0.55 - $1.00
 
 
95,000
 
$
0.78
 
$1.01 - $1.50
 
 
1,446,664
 
$
1.08
 
$1.51 - $10.67
 
 
195,333
 
$
2.33
 
Total
 
 
1,736,997
 
$
1.20
 
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]
At March 31, 2015, the Company had approximately $1.2 million of total unrecognized compensation cost related to non-vested restricted stock and RSUs, all of which will be recognized through February 2018.
 
 
 
Number of
 
Weighted Average
 
 
 
Restricted Stock
 
Exercise Price
 
Non-vested balance at January 1, 2015
 
 
108,334
 
$
2.86
 
 
 
 
 
 
 
 
 
Changes during the period:
 
 
 
 
 
 
 
Shares granted
 
 
32,500
 
 
10.67
 
Shares vested
 
 
(32,500)
 
 
10.67
 
Shares forfeited
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
Non-vested balance at March 31, 2015
 
 
108,334
 
$
2.86
 
 
 
 
Number of
 
Weighted Average
 
 
 
RSUs
 
Exercise Price
 
Non-vested balance at January 1, 2015
 
 
-
 
$
-
 
 
 
 
 
 
 
 
 
Changes during the period:
 
 
 
 
 
 
 
Shares granted
 
 
145,250
 
 
10.67
 
Shares vested
 
 
(32,500)
 
 
10.67
 
Shares forfeited
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
Non-vested balance at March 31, 2015
 
 
112,750
 
$
10.67