STOCK OPTION PLANS (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
|---|
| 2015 Equity Incentive Plan [Member] |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| Summarized information of stock options |
Summarized information for the 2015 Equity Incentive Plan is as follows:
| |
|
Options |
|
|
Weighted-
average
exercise
price
|
|
Outstanding options at January 1, 2015 |
|
|
- |
|
|
$ |
- |
|
Granted, fair value of $5.18 per share |
|
|
1,994,000 |
|
|
|
6.90 |
|
Outstanding options at December 31, 2015 |
|
|
1,994,000 |
|
|
|
6.90 |
|
Granted, fair value of $2.59 per share |
|
|
2,622,500 |
|
|
|
3.29 |
|
Exercised |
|
|
(151,000 |
) |
|
|
2.32 |
|
Expired/forfeited |
|
|
(22,500 |
) |
|
|
3.23 |
|
Outstanding options at December 31, 2016 |
|
|
4,443,000 |
|
|
|
4.94 |
|
| |
|
|
|
|
|
|
|
|
Exercisable at December 31, 2016 |
|
|
1,327,687 |
|
|
|
6.60 |
|
|
| Information regarding options outstanding by range of exercise prices |
Further information regarding options outstanding under the 2015 Equity Incentive Plan at December 31, 2015 is summarized below:
| |
|
|
Number of |
|
|
Weighted average |
|
|
Number of |
|
|
Weighted average |
|
|
Range of exercise prices
|
|
|
|
|
|
Remaining
life in years
|
|
|
|
|
|
options
exercisable
|
|
|
Remaining
life in years
|
|
|
Exercise
price
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2.31 – 4.45 |
|
|
|
2,748,000 |
|
|
|
9.9 |
|
|
$ |
3.47 |
|
|
|
227,271 |
|
|
|
9.5 |
|
|
$ |
3.01 |
|
$ |
7.34 |
|
|
|
1,695,000 |
|
|
|
9.0 |
|
|
$ |
7.34 |
|
|
|
1,100,416 |
|
|
|
9.0 |
|
|
$ |
7.34 |
|
| |
|
|
|
|
4,443,000 |
|
|
|
|
|
|
|
|
|
|
|
1,327,687 |
|
|
|
|
|
|
|
|
|
|
| 2005 Equity Incentive Plan [Member] |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| Summarized information of stock options |
Summarized information for the 2005 Equity Incentive Plan is as follows:
| |
|
Options |
|
|
Weighted-
average
exercise
price
|
|
| |
|
|
|
|
|
|
Outstanding options at January 1, 2015 |
|
|
210,084 |
|
|
$ |
20.19 |
|
Granted, fair value of $4.52 per share |
|
|
120,000 |
|
|
|
3.25 |
|
Outstanding options at December 31, 2015 |
|
|
330,084 |
|
|
|
13.49 |
|
Expired/forfeited |
|
|
(1,524 |
) |
|
|
36.93 |
|
Outstanding options at December 31, 2016 |
|
|
328,560 |
|
|
|
14.57 |
|
| |
|
|
|
|
|
|
|
|
Exercisable at December 31, 2016 |
|
|
328,560 |
|
|
|
14.57 |
|
|
| Information regarding options outstanding by range of exercise prices |
Further information regarding options outstanding under the 2005 Equity Incentive Plan at December 31, 2015 is summarized below:
|
|
|
Number of |
|
|
Weighted average |
|
|
Number of |
|
|
Weighted-average |
|
|
Range of exercise prices
|
|
|
|
|
|
|
|
|
Exercise
price
|
|
|
options
exercisable
|
|
|
Remaining
life in years
|
|
|
Exercise
price
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3.25 |
|
|
|
120,000 |
|
|
|
4.0 |
|
|
$ |
3.25 |
|
|
|
120,000 |
|
|
|
4.0 |
|
|
$ |
3.25 |
|
$ |
11.50 - 18.50 |
|
|
|
200,000 |
|
|
|
7.6 |
|
|
$ |
18.33 |
|
|
|
200,000 |
|
|
|
7.6 |
|
|
$ |
18.33 |
|
$ |
30.50 – 150.00 |
|
|
|
8,560 |
|
|
|
4.0 |
|
|
$ |
85.41 |
|
|
|
8,560 |
|
|
|
4.0 |
|
|
$ |
85.41 |
|
| |
|
|
|
|
328,560 |
|
|
|
|
|
|
|
|
|
|
|
328,560
|
|
|
|
|
|
|
|
|
|
|