Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS/STOCK-BASED COMPENSATION AND WARRANTS (Tables)

v3.8.0.1
STOCK OPTIONS/STOCK-BASED COMPENSATION AND WARRANTS (Tables)
9 Months Ended
Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Outstanding restricted stock awards and activity
The following table reflects the outstanding restricted stock awards and activity related thereto for the nine months ended September 30, 2017:
 
Nine Months Ended
September 30, 2017
 
Number of
Shares
 
Weighted-Average
Price
Restricted Stock Awards:
 
 
 
Restricted Shares Outstanding at Beginning of Period
1,905,104

 
$
4.59

Shares Granted
848,562

 
2.13

Lapse of Restrictions
(689,632
)
 
4.40

Shares Forfeited
(85,383
)
 
4.09

Restricted Shares Outstanding at End of Period
1,978,651

 
$
3.62

Outstanding stock option activity
The following table reflects the outstanding stock option awards and the activity related thereto for the nine months ended September 30, 2017:

 
Stock Option Awards (1)
 
Weighted-Average Exercise Price
 
Weighted Average Contractual Term
Outstanding as of 12/31/2016
391,872

 
$
3.66

 
2.9
  Granted

 

 
 
  Exercised

 

 
 
  Expired or canceled

 

 
 
  Forfeited

 

 
 
Outstanding as of 9/30/2017
391,872

 
$
3.66

 
2.2
____________
(1) All of the stock options outstanding were vested and exercisable at the end of the period.