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INCENTIVE PLANS (Tables) | 12 Months Ended
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Dec. 31, 2017
INCENTIVE PLANS |
Summary of option activity |
|  | Shares |  | Weighted- Average Exercise Price Per Share |  | Weighted- Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value |
Outstanding — January 1, 2017 |  | 37,750 |  | $ | 4.75 |  |  |  |  |
Granted |  | 150,000 |  | 3.43 |  |  |  |  |
Exercised |  | — |  | — |  |  |  |  |
Cancelled |  | — |  | — |  |  |  |  |
Outstanding — December 31, 2017 |  | 187,750 |  | $ | 3.70 |  | 8.13 |  | $ | 74,070 |
Exercisable on December 31, 2017 |  | 37,750 |  | $ | 4.75 |  | 3.20 |  | $ | 9,570 |
Summary of the liability and changes during the years |
|  | 2017 |  | 2016 |
Beginning Balance |  | $ | 45,000 |  | $ | 143,000 |
Reductions |  | (22,000 | ) | (36,000 | )
Payments |  | (23,000 | ) | (62,000 | )
Ending Balance |  | $ | — |  | $ | 45,000 |

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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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