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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2018
2014 MIP Plan  
Stock Awards  
Schedule of nonvested stock amortization expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

 

For the Nine Months Ended

 

 

 

September 30, 

 

September 30, 

 

 

 

2018

 

2017

    

2018

    

2017

 

General and administrative expenses

 

$

 —

 

$

62

 

$

 —

 

$

368

 

 

2015 EIP Plan | Stock Options  
Stock Awards  
Schedule of nonvested stock amortization expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

 

For the Nine Months Ended

 

 

 

September 30, 

 

September 30, 

 

 

 

2018

 

2017

 

2018

    

2017

 

General and administrative expenses

 

$

216

 

$

201

 

$

553

 

$

419

 

 

Schedule of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

Weighted

 

 

 

Number of

 

Average Exercise

 

Average Fair

 

 

    

Options

    

Price

 

Value

 

Outstanding at January 1, 2018 - Unvested

 

88,667

 

$

11.13

 

$

6.41

 

Granted

 

122,608

 

 

13.69

 

 

7.55

 

Exercisable

 

 —

 

 

 —

 

 

 —

 

Exercised

 

 —

 

 

 —

 

 

 —

 

Forfeited

 

 —

 

 

 —

 

 

 —

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2018 - Unvested

 

211,275

 

$

12.62

 

$

7.07

 

 

The following table summarizes certain information about the options outstanding as of September 30, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Outstanding and Unvested,

 

Options Outstanding and Exercisable,

 

 

 

 

September 30, 2018

 

September 30, 2018

 

Weighted

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Weighted

 

Average

 

 

 

Weighted

 

Average

 

 

 

Weighted

 

Average

 

Exercise Price of

 

 

 

Average

 

Remaining

 

 

 

Average

 

Remaining

 

Outstanding

 

Number of

 

Exercise

 

Contractual

 

Number of

 

Exercise

 

Contractual

 

Options

    

Options

    

Price

    

Life

    

Warrants

    

Price

    

Life

 

$

12.36

 

211,275

 

$

12.62

 

5.02

 

44,333

 

$

11.13

 

4.48

 

 

2015 EIP Plan | Restricted Stock Units  
Stock Awards  
Schedule of nonvested stock amortization expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

For the Three Months Ended

 

For the Nine Months Ended

 

 

 

September 30, 

 

September 30, 

 

 

 

2018

 

2017

    

2018

    

2017

 

General and administrative expenses

 

$

425

 

$

830

 

$

1,213

 

$

1,822

 

 

Summary of nonvested restricted stock units

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

Number of

 

Average Grant

 

 

    

RSUs

 

Date Price

 

Outstanding at January 1, 2018

 

220,129

 

$

11.01

 

Granted

 

51,704

 

 

14.84

 

Vested

 

(25,197)

 

 

10.12

 

Forfeited

 

 —

 

 

 —

 

 

 

 

 

 

 

 

Outstanding at September 30, 2018

 

246,636

 

$

11.91

 

 

The total fair value of the RSUs that vested during the nine months ended September 30, 2018 and 2017 was $450 and $675, respectively. The total fair value is calculated as the number of shares vested during the period multiplied by the fair value on the vesting date.    

 

The following table summarizes certain information of the RSUs unvested and vested as of September 30, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

Unvested RSUs

 

Vested RSUs

 

September 30, 2018

 

September 30, 2018

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

Average

 

 

 

Weighted

 

 

 

Average

 

Remaining

 

 

 

Average

 

Number of

 

Grant Date

 

Contractual

 

Number of

 

Grant Date

 

RSUs

    

Price

    

Life

    

RSUs

    

Price

 

246,636

 

$

11.91

 

1.23

 

196,769

 

$

11.23

 

 

2015 EIP Plan | Restricted Stock  
Stock Awards  
Schedule of nonvested stock amortization expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

 

For the Nine Months Ended

 

 

September 30, 

 

September 30, 

 

 

2018

 

2017

 

2018

 

2017

 

General and administrative expenses

$

3

 

$

9

 

$

10

 

$

25

 

 

Summary of nonvested stock awards

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

Number of

 

Average Grant

 

 

 

Shares

 

Date Price

    

Outstanding at January 1, 2018

 

6,802

 

$

5.20

 

Granted 

 

 —

 

 

 —

 

Vested 

 

 —

 

 

 —

 

Forfeited 

 

 —

 

 

 —

 

 

 

 

 

 

 

 

Outstanding at September 30, 2018

 

6,802

 

$

5.20

 

 

Warrants | 2014 MIP Plan  
Stock Awards  
Schedule of nonvested stock amortization expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

 

For the Nine Months Ended

 

 

 

 

September 30, 

 

September 30, 

 

 

 

    

2018

    

2017

    

2018

    

2017

 

 

General and administrative expenses

 

$

 —

 

$

153

 

$

 —

 

$

902

 

 

 

Summary of warrant activity and warrants outstanding

 

The following table summarizes certain information about the warrants outstanding as of September 30, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrants Outstanding and Unvested,

 

Warrants Outstanding and Exercisable,

 

 

 

 

September 30, 2018

 

September 30, 2018

 

Weighted

 

 

 

 

 

Weighted

 

 

 

 

 

 

Weighted

 

Average

 

 

 

Weighted

 

Average

 

 

 

Weighted

 

Average

 

Exercise Price of

 

 

 

Average

 

Remaining

 

 

 

Average

 

Remaining

 

Outstanding

 

Number of

 

Exercise

 

Contractual

 

Number of

 

Exercise

 

Contractual

 

Warrants

    

Warrants

    

Price

    

Life

    

Warrants

    

Price

    

Life

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

303.12

 

 —

 

$

 —

 

 —

 

8,557,461

 

$

303.12

 

1.86