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STOCKHOLDERS' EQUITY
 3 Months Ended
Mar. 31, 2018
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY

12. STOCKHOLDERS’ EQUITY

 

Common Stock

 

The Company had 8,726,045 shares of common stock, $0.001 par value per share, outstanding as of March 31, 2018 and December 31, 2017.

 

Warrants

 

As of March 31, 2018 and December 31, 2017, the Company had warrants outstanding to purchase 50,600 shares of common stock with a weighted average exercise price of $7.00 per share. The warrants expire on September 18, 2018. No warrants were exercised during the three months ended March 31, 2018.

 

Stock-Based Compensation

 

A summary of stock option activity under the 2011 Long-Term Incentive Plan as of March 31, 2018, and changes during the three months ended March 31, 2018, are presented below:

 

      Stock
Options		     Weighted average
exercise price		     Weighted
average
remaining
contractual
term		     Aggregate
intrinsic value		  
Outstanding as of January 1, 2018       435,800     $ 8.35       7.5     $ 216  
Granted       —       —                  
Exercised       —       —                  
Forfeited       —       —                  
Outstanding as of March 31, 2018       435,800     $ 8.35       7.20     $ 81  
Exercisable as of March 31, 2018       419,133     $ 8.39       7.20     $ 81  

  

As of March 31, 2018, there were 237,867 shares available for future grants under the Company’s 2011 Long-Term Incentive Plan.

 

Stock-based compensation expense recorded for the three months ended March 31, 2018 and 2017 was approximately $148 and $30, respectively. At March 31, 2018, the Company had total stock-based compensation expense remaining to be recognized in the consolidated statements of operations of approximately $43.

 

Foreign Currency Translation

 

Foreign assets and liabilities are translated using the exchange rate in effect at the balance sheet date, and results of operations are translated using an average rate for the period. Translation adjustments are accumulated and reported as a component of accumulated other comprehensive income (loss). The Company had foreign currency translation adjustments resulting in unrealized loss of $166 for the three months ended March 31, 2018 and unrealized income of $63 for the three months ended March 31, 2017.