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SHARE-BASED PAYMENTS (Tables)

9 Months Ended

Sep. 30, 2019

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

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

The fair value of the options granted under the Compensation Plan for the nine months ended September 30, 2019 was estimated at the date of grant, using the Black-Scholes Option Valuation Model, with the following weighted average assumptions:

Risk-free interest rate	2.6	%
Expected life	5.0 years
Expected volatility	59.4	%	*
Expected dividend yield	—	%
Weighted average expected life of option	5.00
Weighted average grant date fair value	$1.54

* 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

The summary of the Company’s stock options at September 30, 2019 and December 31, 2018, 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, 2017	$1.77 - $15.61			$	4.48			2,028,847
Granted	1.70 - 2.88			1.75				442,956
Exercised	1.70 - 2.55			2.15				(355,092	)
Forfeited	1.70 - 6.63			3.96				(213,393	)
Expired	5.86 - 10.36			8.18				(170,564	)
Balance, December 31, 2018	$1.70 - $15.61			$	3.84			1,732,754
Granted	2.92			2.92				296,450
Exercised	1.70 - 2.92			2.27				(54,805	)
Forfeited	1.70 - 7.42			4.41				(337,766	)
Expired	6.83			6.83				(144,100	)
Balance, September 30, 2019	$1.70 - $15.61			$	3.43			1,492,533

A summary of the status and activity of non-vested stock options for the nine months ended September 30, 2019 is as follows:

	Number of shares			Weighted Average Grant-Date Fair Value
Non-vested December 31, 2018	297,044			$	1.06
Granted	296,450			1.54
Vested	(345,921	)		1.28
Forfeited	(22,551	)		1.47
Non-vested September 30, 2019	225,022			$	1.31

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

A summary of the status and activity of non-vested RSUs at September 30, 2019 is as follows:

	RSU
	Number of shares			Weighted Average Grant-Date Fair Value
Non-vested December 31, 2018	1,580,187			$	1.99
Granted	721,750			2.92
Vested	(862,378	)		2.00
Forfeited	(168,004	)		2.32
Non-vested September 30, 2019	1,271,555			$	2.47

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

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-Publisher FASB
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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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