STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2016

Restricted stock activity in the first three months of 2016 was as follows:

	Shares of Restricted Stock			Weighted Average Grant Date Price per Share

Outstanding at January 1, 2016		148,040		$	14.14
Granted		170,264			9.62
Vested		(36,575	)		13.80
Outstanding at March 31, 2016		281,729		$	11.46

A summary of the status of our stock option awards and warrants is presented below:

	Number of StockOptions & Warrants			Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Life

Outstanding at January 1, 2016		1,376,437		$	7.68
Granted		--			--
Exercised		(8,000	)		2.84
Expired		--			--
Cancelled		--			--
Forfeited		--			--
Outstanding at March 31, 2016		1,368,437		$	7.71		5.9
Exercisable at March 31, 2016		793,437		$	7.58		5.8