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)
3 Months Ended
Mar. 31, 2018
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 three months ended March 31, 2018:
 
Three Months Ended
March 31, 2018
 
Number of
Shares
 
Weighted-Average
Price
Restricted Stock Awards:
 
 
 
Restricted Shares Outstanding at Beginning of Period
1,721,533

 
$
3.65

Shares Granted
96,152

 
2.08

Lapse of Restrictions
(285,775
)
 
3.70

Shares Forfeited
(892,086
)
 
4.00

Restricted Shares Outstanding at End of Period
639,824

 
$
2.89

Outstanding stock option activity
The following table reflects the outstanding stock option awards and the activity related thereto for the three months ended March 31, 2018:

 
Stock Option Awards (1)
 
Weighted-Average Exercise Price
 
Weighted Average Contractual Term
Outstanding as of 12/31/2017
250,000

 
$
2.79

 
1.0
  Granted

 

 
 
  Exercised

 

 
 
  Expired or canceled

 

 
 
  Forfeited

 

 
 
Outstanding as of 3/31/2018
250,000

 
$
2.79

 
0.7
____________
(1) All of the stock options outstanding were vested and exercisable at the end of the period.