Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2015

The following table details the changes in common stock during the three months ended March 31, 2015:


(Amounts in thousands, except for share amounts)
					Additional
	Common Stock				Paid-In
	Shares		Amount		Capital

Balance January 1, 2015		28,047,661	$	280	$	123,980
Issuance of restricted stock		340,711		--		--
Stock-based compensation		--		--		115
Balance March 31, 2015		28,388,372	$	280	$	124,095

Summary of non-vested restricted stock activity

A summary of the status and activity of non-vested restricted stock for the three-month period ended March 31, 2015 is presented in the following table:


	Restricted Shares		Weighted Average Grant-Date Fair Value
Non-vested at beginning of year		--	$	--
Granted		340,711	$	1.50
Non-vested at end of quarter		340,711	$	1.50

Activity in employee stock options and non-employee director stock options

The following table represents the activity in employee stock options and non-employee director stock options for the three months ended March 31, 2015:


	Employee Stock Options				Director Stock Options
			Weighted				Weighted
			Average				Average
			Exercise				Exercise
	Options		Price		Options		Price

Outstanding balance at December 31, 2014		2,097,413	$	3.82		178,666	$	3.28
Granted		340,711	$	1.50		--	$	--
Forfeited		--	$	--		--	$	--
Expired		--	$	--		--	$	--
Exercised		--	$	--		--	$	--
Outstanding at March 31, 2015		2,438,124	$	3.50		178,666	$	3.28
Exercisable at March 31, 2015		1,949,080	$	3.95		97,333	$	3.23

Weighted Average Remaining Contractual Life - Years				4.26				7.64

Aggregate intrinsic value of options outstanding ($ Thousands)			$	--			$	--