Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2015

The following table details the changes in common stock during the nine months ended September 30, 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
Restricted shares activity		303,361		1		33
Stock-based compensation		--		--		331

Balance September 30, 2015		28,351,022	$	281	$	124,344

Summary of non-vested restricted stock activity

A summary of the status and activity of non-vested restricted stock for the nine-month period ended September 30, 2015 is presented in the following table:


	Restricted Shares			Weighted-average grant-date fair value

Non-vested at beginning of year		--		$	--
Granted		340,711			1.22
Vested and issued		(62,650	)		0.54
Vested and cancelled		(37,350	)		0.54
Non-vested at September 30, 2015		240,711		$	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 nine months ended September 30, 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 September 30, 2015		2,438,124	$	3.50		178,666	$	3.28
Exercisable at September 30, 2015		2,167,413	$	3.74		129,666	$	3.21

Weighted Average Remaining Contractual Life - Years				3.77				7.14

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