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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2015

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

Schedule of Fair Value of Stock Options Granted Measured Using Black-Scholes Valuation Model

The fair value of the stock options granted was measured using the Black-Scholes valuation model with the following assumptions:

	Year Ended December 31,
	2015			2014
Expected volatility		35 - 37%			43 - 44%
Expected life in years		5.5 - 6.0			5.5 - 6.0
Risk-free interest rate		1.52 - 1.62%			1.77 - 1.93%
Dividend yield		0%			0%

Schedule of Stock Option Activity

A summary of stock option activity for the years ended December 31, 2015 and 2014, and changes during the years then ended is presented below:

								Weighted
								average
					Weighted			remaining
		Stock			average			contractual			Aggregate
		Options			exercise price			term			intrinsic value
Balance January 1, 2014			261,400		$	9.81			6.9		$	562,820
Granted			105,000			10.21			9.2			-
Exercised			-			-			-			-
Forfeited			-			-			-			-
Outstanding as of December 31, 2014			366,400		$	9.92			6.9		$	562,820
Granted			13,000			8.98			9.3			-
Exercised			-			-			-			-
Forfeited			(34,667)			15.21			7.9			-
Outstanding as of December 31, 2015			344,733		$	9.35			6.5		$	-
Exercisable as of December 31, 2015			250,068		$	9.46			5.9		$	-

Schedule of Other Information

A summary of the weighted-average grant-date fair value of options, total intrinsic value of options exercised, and cash receipts from options exercised is shown below (in thousands, except per share amounts):

		Year Ended December 31,
		2015			2014
Weighted-average fair value of options granted (per share)		$	3.20		$	4.53
Intrinsic value gain of options exercised			-			-
Cash receipts from exercise of options			-			-

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- References

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- Definition

Tabular disclosure of the total intrinsic value of options exercised (or share units converted), share-based liabilities paid, and the total fair value of shares vested during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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