SHARE-BASED PAYMENTS (Tables)

6 Months Ended

Jun. 30, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following weighted average assumptions were used for the Black-Scholes option pricing model to calculate the $0.31 million of fair value for the 2,515,625 warrants at June 30, 2018.



Risk-free rate	2.33%
Expected life	1.0 years
Expected volatility	39.9%
Expected dividend yield	0.00%


*	Expected volatility is measured based on the Company’s historical share price volatility over the expected life of the warrants.

The fair value of the options granted under the Compensation Plan for the six months ended June 30, 2018 was estimated at the date of grant, using the Black-Scholes Option Valuation Model, with the following weighted-average assumptions:



Risk-free interest rate	2.840
Expected life	5.0 years	*
Expected volatility	59.0
Expected dividend yield	0.00%
Weighted-average expected life of option	5.00
Weighted-average grant date fair value	$0.96


*	Expected volatility is measured based on the Company’s historical share price volatility over a period equivalent to the expected life of the options.

Schedule of Share-based Compensation, Stock Options, Activity

A summary of the status and activity of non-vested stock options for the six months ended June 30, 2018 is as follows:



	Number of shares		Weighted Average Grant- Date Fair Value
Non-vested December 31, 2017	365,180		$	1.20
Granted	422,956		0.91
Vested	(377,087	)	1.06
Forfeited	(20,405	)	0.92
Non-vested June 30, 2018	390,645		$	1.04

The summary of the Company’s stock options at June 30, 2018 and December 31, 2017, and the changes for the fiscal periods ending on those dates is presented below:



	Range of Exercise Prices $	Weighted Average Exercise Price $	Number of Options
Balance, December 31, 2016	2.12 - 15.61	5.69	2,045,143
Granted	1.77 - 2.35	2.34	738,893
Exercised	—	—	—
Forfeited	2.12 - 11.94	2.93	(316,289	)
Expired	4.48 - 12.55	8.42	(438,900	)
Balance, December 31, 2017	1.77 - 15.61	4.48	2,028,847
Granted	1.70	1.70	422,956
Exercised	—	—	—
Forfeited	2.12 - 6.87	3.08	(31,610	)
Expired	6.08 - 10.36	10.05	(83,264	)
Balance, June 30, 2018	1.70 - 15.61	3.74	2,336,929

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

A summary of the status and activity of non-vested RSUs at June 30, 2018 is as follows:



	RSU
	Number of shares		Weighted Average Grant- Date Fair Value
Non-vested December 31, 2017	1,909,477		$	2.17
Granted	1,191,132		1.70
Vested	(1,486,126	)	2.24
Forfeited	—		—
Non-vested June 30, 2018	1,614,483		$	1.99