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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Stock-Based Compensation [Abstract]  
Stock Options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options

 

Option Shares

 

Weighted -Average Exercise Price

 

Weighted -Average Remaining Contractual Term

 

Options Exercisable

 

Weighted-Average Exercise Price

Outstanding at January 1, 2013

 

919,848 

$

2.94 

 

1.58 

 

895,348 

$

2.96 

Granted

 

 

0.00 

 

 

 

 

 

 

Exercised*

 

(849,210)

 

2.93 

 

 

 

 

 

 

Cancelled or forfeited

 

 

0.00 

 

 

 

 

 

 

Outstanding at December 31, 2013

 

70,638 

$

3.03 

 

5.40 

 

56,638 

$

3.21 

Granted

 

1,365,000 

 

5.05 

 

 

 

 

 

 

Exercised**

 

(3,296)

 

0.91 

 

 

 

 

 

 

Cancelled or forfeited

 

(2,500)

 

9.00 

 

 

 

 

 

 

Outstanding at December 31, 2014

 

1,429,842 

$

4.95 

 

9.74 

 

406,092 

$

4.71 

 

Stock Options Outstanding And Exercisable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercise Price:

 

Options Outstanding

 

Options Exercisable

 

Intrinsic Value of Options Outstanding

 

Intrinsic Value of Options Exercisable

 

Weighted-Average Life of Options Outstanding (1)

 

Weighted-Average Life of Options Exercisable  (1)

$0.91

 

8,230 

 

8,230 

$

34 

$

34 

 

3.9 

 

3.9 

$0.93

 

11,612 

 

11,612 

 

48 

 

48 

 

3.9 

 

3.9 

$2.30

 

35,000 

 

35,000 

 

96 

 

96 

 

5.4 

 

5.4 

$5.05

 

1,365,000 

 

341,250 

 

 

 

10.0 

 

10.0 

$9.00

 

10,000 

 

10,000 

 

 

 

2.5 

 

2.5 

 

 

1,429,842 

 

406,092 

$

139 

$

139 

 

9.7 

 

9.1 

(1) In years

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-Vested Employee Stock Options

 

 

 

 

 

Nonvested Options

 

Options

 

Weighted-Average Grant Date Fair Value

Nonvested at January 1, 2013

 

24,500 

$

1.28 

Granted

 

 

0.00 

Vested

 

(10,500)

 

1.28 

Forfeited

 

 

0.00 

Nonvested at December 31, 2013

 

14,000 

$

1.19 

Granted

 

1,365,000 

 

2.62 

Vested

 

(355,250)

 

2.56 

Forfeited

 

 

0.00 

Nonvested at December 31, 2014

 

1,023,750 

$

2.62 

 

Stock Options Valuation Assumptions

 

 

Assumptions for 2013 Awards

 

Weighted-average risk-free interest rate

1.31%

Weighted-average expected life

5.4 yrs

Weighted-average expected volatility

63.6%

Weighted-average expect dividends

$0

 

 

 

 

Assumptions for 2014 Awards

 

Weighted-average risk-free interest rate

1.68%

Weighted-average expected life

4.4 yrs

Weighted-average expected volatility

62.3%

Weighted-average expect dividends

$0