Stock Options and Warrants (Tables)

12 Months Ended

Dec. 31, 2016

Stock Options and Warrants

Schedule of activity in the Company's stock option plan

	Number of	Range of				Weighted Average
	Options	Exercise Prices				Exercise Price
Balance outstanding, January 1, 2015	595,125	$	2.00	-	4.10	$	3.41
Granted in 2015	60,000				2.75		2.75
Expired in 2015	(20,125)		2.00	-	4.10		3.42
Balance outstanding, December 31, 2015	635,000	$	2.75	-	3.50	$	3.39
Granted in 2016	415,000				3.34		3.34
Expired in 2016	(385,000)				3.50		3.50
Balance outstanding, December 31, 2016	665,000	$	2.59	-	3.50	$	3.34
Exercisable, December 31, 2016	278,750	$	2.59	-	3.50	$	3.36

Schedule of option grant estimated on the date of grant using the Black Scholes option pricing model

Grant Year	2016		2015
Stock price volatility	34.56% - 34.71%		43.5	%
Risk-free interest rate	1.2% - 1.5%		1.4	%
Expected life (in years)	5.0		5.0
Expected dividend yield	—	%	—	%

Summary of stock options outstanding

	Options Outstanding
		Weighted
		Average
		Remaining	Weighted
		Contractual	Average
	Number of	Life	Exercise		Intrinsic
Exercise Prices	Shares	(in Years)	Price		Value
$2.50 - $3.49	325,000	3.21	$	3.17	$	—
$3.50	340,000	4.42		3.50		—
	665,000	3.83	$	3.34	$	—