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STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2017

Stockholders Equity Tables

Summary of restricted stock unit activity

		Number of Shares				Weighted-Average Grant Date Fair Value
Balance of restricted stock units outstanding at December 31, 2016			890,000			$	2.29
Grants of restricted stock units			40,500				3.80
Vested restricted stock units			(110,500	)			2.96
Balance of unvested restricted stock units at December 31, 2017			820,000			$	2.28

Schedule of stock option activity

		2017								2016
						Weighted								Weighted
						Average								Average
		Options				Exercise				Options				Exercise
		Outstanding				Price				Outstanding				Price

Options outstanding at beginning of year			2,310,000			$	1.29				2,855,000			$	1.33
Granted			―				―				―				―
Expired			—				—				(15,000	)		$	1.31
Exercised			(300,000	)		$	1.31				(530,000	)		$	1.53

Options outstanding at end of year			2,010,000			$	1.28				2,310,000			$	1.29

Options exercisable at end of year			2,010,000			$	1.28				2,310,000			$	1.29

Summary of information of stock options outstanding and exercisable

						Weighted
				Weighted		Average
Range of				Average		Remaining
Exercise		Options		Exercise		Life in		Options
Price		Outstanding		Price		Years		Exercisable

$0.83 - $2.34		2,010,000		$1.28		2.10		2,010,000

Outstanding warrants purchase shares


Number of Warrants		Exercise Price		Expiration Date

250,000		$2.10		May 21, 2018
125,000		$2.10		July 26, 2018
375,000

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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