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INCENTIVE PLANS (Tables) | 12 Months Ended
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Dec. 31, 2018
INCENTIVE PLANS |
Summary of option activity |
|  |  |  |  |  |  | Weighted- |  |  |
|  |  |  |  |  | Average |  |  |
|  |  |  | Weighted- |  | Remaining |  |  |
|  |  |  | Average |  | Contractual |  |  |
|  |  |  | Exercise Price |  | Term |  | Aggregate
|  | Shares |  | Per Share |  | (in years) |  | 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
Granted |  | 134,000 |  |  | 3.36 |  |  |  |  |
Exercised |  | — |  |  | — |  |  |  |  |
Cancelled |  | (97,000) |  |  | (3.84) |  |  |  |  |
Outstanding-December 31, 2018 |  | 224,750 |  | $ | 3.44 |  | 8.60 |  | $ | 52,715
Exercisable on December 31, 2018 |  | 44,750 |  | $ | 3.65 |  | 6.59 |  | $ | 8,075
Summary of the liability and changes during the years |
(in thousands) |  | 2018 |  | 2017
Beginning Balance |  | $ | — |  | $ | 45
Reductions |  |  | — |  |  | (22)
Payments |  |  | — |  |  | (23)
Ending Balance |  | $ | — |  | $ | —

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + 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 (d) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 Reference 3: 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=96867065&loc=d3e5070-113901 + Details
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