Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.5.0.2
Stockholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2016
Stockholders Equity Tables  
Schedule of equity compensation plans

Activity under all of the Company’s Plans during the six months ended June 30, 2016 is summarized below:

 

      Shares     Weighted -
Average Exercise
Price		  
Outstanding at December 31, 2015       298,282     $ 48.80  
Granted       11,500       11.57  
Forfeited       (2,250 )     43.04  
Outstanding at June 30, 2016       307,532     $ 49.18  
                 
Schedule of the estimated grant date fair values of options granted

The estimated grant date fair values of options granted during the three months ended June 30, 2016 were calculated using the Black-Scholes valuation model, based on the following assumptions:

 

Dividend yield     0%  
Expected volatility     49.86% - 50.69%  
Risk free interest rates     1.23% - 1.38%  
Expected lives (in years)     6  
Schedule of share-based compensation expense

For the three and six months ended June 30, 2016 and 2015, share-based compensation expense related to options was:

 

Three Months Ended June 30,  
2016   2015  
  $ 238,312     $     774,417  

 

           
Six Months Ended June 30,  
2016   2015  
  $  498,881     $  1,152,309  
Schedule of common stock warrant activity

Common stock warrant activity for the six months ended June 30, 2016 was as follows:

 

      Shares     Weighted -
Average Exercise
Price		  
Outstanding at December 31, 2015       845,402     $ 19.20  
Issued       69,517       40.00  
Terminated       -       -  
Outstanding at June 30, 2016       914,920     $ 25.85