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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The interest rates used are the U.S. Treasury yield curve in effect at the time of the grant.
 
 
 
For the six months ended
 
 
 
June 30, 2015
 
 
 
 
 
 
Expected volatility
 
 
52.7% - 63.8%
 
Expected term (in years)
 
 
3.2 -3.3 years
 
Risk-free rate
 
 
0.89%-1.20%
 
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 June 30, 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
 
 
640,000
 
$
9.89
 
Exercised
 
 
(10,166)
 
$
1.83
 
Forfeited
 
 
(18,500)
 
$
5.10
 
Expired
 
 
-
 
 
-
 
Outstanding as of June 30, 2015
 
 
3,048,168
 
$
3.47
 
 
 
 
 
 
 
 
 
Exercisable as of June 30, 2015
 
 
1,820,666
 
$
1.21
 
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 June 30, 2015:
 
Outstanding:
 
 
 
 
 
 
 
 
 
 
 
Weighted
 
 
 
Stock
 
Weighted
 
Average
 
 
 
Options
 
Average
 
Remaining
 
Range of Exercise Prices
 
Outstanding
 
Exercise Price
 
Contractual Life
 
$0.76 - $1.00
 
 
95,000
 
$
0.78
 
 
2.59
 
$1.01 - $1.50
 
 
1,881,000
 
$
1.07
 
 
6.65
 
$1.51 - $10.67
 
 
1,072,168
 
$
7.92
 
 
9.04
 
Total
 
 
3,048,168
 
$
3.47
 
 
7.36
 
 
Exercisable:
 
 
 
 
 
 
 
Stock
 
Weighted
 
 
 
Options
 
Average
 
Range of Exercise Prices
 
Exercisable
 
Exercise Price
 
$0.76 - $1.00
 
 
95,000
 
$
0.78
 
$1.01 - $1.50
 
 
1,523,166
 
$
1.08
 
$1.51 - $10.67
 
 
202,500
 
$
2.37
 
Total
 
 
1,820,666
 
$
1.21
 
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]
At June 30, 2015, the Company had approximately $1.1 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 June 30, 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 June 30, 2015
 
 
112,750
 
$
10.67