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Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of share-based compensation expense
Stock compensation expense consisted of the following for the years ended December 31:
 
 
2017
 
2016
 
2015
 
 
 
 
 
 
 
Share-based compensation - employees
 
$
1,032,094

 
$
833,027

 
$
456,749

Share-based compensation - nonemployees
 
82,969

 
19,075

 
165,754

Share-based compensation - foundation contribution
 
$
372,500

 
$

 
$

Total share-based compensation
 
$
1,487,563

 
$
852,102

 
$
622,503

Schedule of stock options activity
Stock option activity for 2017 and 2016 was as follows:
    
 
 
Number of
shares
 
Weighted-average exercise price per share
 
Weighted-
average
remaining
contractual
term (years)
 
Aggregate
intrinsic
value
 
 
 
 
 
 
 
 
 
Outstanding, December 31, 2015
 
12,300

 
$
10.89

 
1.6
 
$
2,320

Options granted
 

 

 
 
 
 
Options exercised
 

 

 
 
 
 
Options forfeited or expired
 
(6,500
)
 
9.00

 
 
 
 
Outstanding, December 31, 2016
 
5,800

 
13.00

 
1.9
 

Options granted
 

 

 
 
 
 
Options exercised
 

 

 
 
 
 
Options forfeited or expired
 

 

 
 
 
 
Outstanding, December 31, 2017
 
5,800

 
13.00

 
0.9
 
$

Exercisable at December 31, 2017
 
5,800

 
$
13.00

 
0.9
 
$

Schedule of stock options activity, additional disclosures
Information related to the stock option plans during 2017, 2016 and 2015 was as follows:
 
 
2017
 
2016
 
2015
 
 
 
 
 
 
 
Intrinsic value of options exercised
 
$

 
$

 
$
3,875

Weighted-average fair value of
options exercised
 
$

 
$

 
$
3.26

Schedule of restricted stock activity
Restricted stock activity was as follows:
 
 
Number
of shares
 
Weighted-
average
grant-date
fair value
 
 
 
 
 
Nonvested, December 31, 2015
 
740,049

 
$
5.36

Shares granted
 
228,425

 
4.36

Shares vested
 
(223,987
)
 
5.28

Shares forfeited
 
(41,192
)
 
4.23

Nonvested, December 31, 2016
 
703,295

 
5.13

Shares granted
 
238,550

 
6.48

Shares vested
 
(146,275
)
 
4.74

Shares forfeited
 
(27,725
)
 
5.34

Nonvested, December 31, 2017
 
767,845

 
5.61