D. STOCK AWARDS AND THEIR TREATMENT (Tables)

9 Months Ended

Sep. 30, 2014

D. Stock Awards And Their Treatment Tables

Restricted stock awards

	Number of	Weighted
	Unvested	Average
	RSA	Grant-Date
	Shares	Fair Value
Unvested shares as of January 1, 2014	1,895,602	$3.42 per share
Granted on March 6, 2014	196,148	$3.89 per share
Granted on April 1, 2014	33,322	$3.89 per share
Granted on May 20, 2014	341,554	$3.96 per share
Vested	(107,291)	$3.08 per share
Forfeited	-
Unvested shares as of September 30, 2014	2,359,335	$3.56 per share

Schedule stock option activity

The following is a summary of the Company’s stock option activity.

			Weighted-
		Weighted-	Average
		Average	Remaining	Aggregate
		Exercise	Contractual	Intrinsic
	Options	Price	Life (Years)	Value
Outstanding at December 31, 2013	105,000	$ 5.17	4.66	$ -
Granted	-	-	-	-
Exercised	-	-	-	-
Forfeited	-	-	-	-
Outstanding at September 30, 2014	105,000	$ 5.17	3.91	$ -
Vested and expected to vest at
September 30, 2014	105,000	$ 5.17	3.91	$ -
Exercisable at September 30, 2014	105,000	$ 5.17	3.91	$ -

The following table summarizes the information about stock options outstanding and exercisable at September 30, 2014.

	Options Outstanding			Options Exercisable
		Weighted-	Weighted		Weighted
		Average	Average		Average
Exercise	Number of	Remaining	Exercise	Number of	Exercise
Price	Shares	Life (Years)	Price	Shares	Price
$ 5.40	5,000	1.67	$ 5.40	5,000	$ 5.40
$ 5.16	100,000	4.02	$ 5.16	100,000	$ 5.16
	105,000			105,000