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Stock based payments and director fees (Tables)
 6 Months Ended
Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of management fees and director fees

Management fees and director fees

 

    For the three-months ended
 June 30, 2016		     For the three-months ended 
June 30, 2015		  
    Number of
shares		     Amount of
expense
recognized(1)		     Number of
shares		     Amount of
expense
recognized(1)		  
Management Fees     15,684     $ 234       29,790     $ 411  
Independent Director Fees     1,672       25       1,740       25  
      17,356     $ 259       31,530     $ 436  

 

    For the six-months ended
 June 30, 2016		     For the six-months ended 
June 30, 2015		  
    Number of
shares		     Amount of
expense
recognized(1)		     Number of
shares		     Amount of
expense
recognized(1)		  
Management Fees     30,600     $ 462       55,877     $ 814  
Independent Director Fees     3,320       52       3,488       50  
      33,920     $ 514       59,365     $ 864  

 

 

(1) All management fees and independent director fees are fully expensed in the period in which they are incurred.

 
Schedule of activity in restricted stock
Restricted stock   Number of
shares		     Per share
value		     Total cost of
grant		     Grant expense
recognized for the
three months ended
June 30, 2016		     Grant expense
recognized for the six
months ended June 30, 
2016		  
July 8, 2014, Directors’ Grants(1)     6,000     $ 15.00     $ 90     $ -     $ -  
February 19, 2015 Director Grant(1)     2,000       14.25       29       -       2  
      8,000             $ 119     $ -     $ 2  
    Number of
shares		     Per share
value		     Total cost of
grant		     Grant expense
recognized for the
three months ended
June 30, 2015		     Grant expense
recognized for the six
months ended June 30, 
2015		  
July 8, 2014, Directors’ Grants(1)     6,000     $ 15.00     $ 90     $ 23     $ 45  
February 19, 2015 Director Grant(1)     2,000       14.25       29       7       12  
      8,000             $ 119     $ 30     $ 57  

 

 

(1) Vesting period is one year from grant date.