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STOCK OPTIONS (Tables)
12 Months Ended
Dec. 31, 2016
Director, officer, and employee  
STOCK OPTIONS  
Summary of options outstanding

 

 

 

Years Ended December 31,

 

 

 

2016

 

2015

 

2014

 

 

 

Shares

 

Weighted
Average
Exercise
Price

 

Shares

 

Weighted
Average
Exercise
Price

 

Shares

 

Weighted
Average
Exercise
Price

 

Outstanding at beginning of period

 

2,125,069

 

$

0.94

 

2,386,736

 

$

0.95

 

2,820,631

 

$

0.95

 

Granted

 

750,400

 

$

2.18

 

 

$

 

 

$

 

Exercised

 

(1,046,580

)

$

(0.82

)

(259,977

)

$

(1.05

)

(418,195

)

$

(0.95

)

Forfeited

 

(10,970

)

$

(1.08

)

(1,690

)

$

(1.30

)

(15,700

)

$

(1.37

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at end of period

 

1,817,919

 

$

1.52

 

2,125,069

 

$

0.94

 

2,386,736

 

$

0.95

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at end of period

 

1,218,519

 

$

1.06

 

2,125,069

 

$

0.94

 

2,386,736

 

$

0.95

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of information about stock options by range of exercise prices

 

The following table summarizes information about Director, officer, and employee options outstanding under the aforementioned plans at December 31, 2016:

 

Exercise
Prices

 

Shares
Outstanding

 

Weighted
Average
Remaining
Contractual
Life

 

Shares
Exercisable

 

1.30 

 

478,416 

 

1.88 

 

478,416 

 

1.46 

 

50,000 

 

6.37 

 

50,000 

 

0.81 

 

540,103 

 

2.54 

 

540,103 

 

1.05 

 

250,000 

 

9.99 

 

150,000 

 

2.75 

 

499,400 

 

9.70 

 

 

 

Non Employees  
STOCK OPTIONS  
Summary of options outstanding

 

 

 

Years Ended December 31,

 

 

 

2016

 

2015

 

2014

 

 

 

Shares

 

Weighted
Average
Exercise
Price

 

Shares

 

Weighted
Average
Exercise
Price

 

Shares

 

Weighted
Average
Exercise
Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at beginning of period

 

57,500

 

$

0.81

 

70,000

 

$

0.81

 

70,000

 

$

0.81

 

Granted

 

 

 

 

 

 

 

Exercised

 

 

 

(12,500

)

(0.81

)

 

 

Forfeited

 

 

$

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at end of period

 

57,500

 

$

0.81

 

57,500

 

$

0.81

 

70,000

 

$

0.81

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at end of period

 

57,500

 

$

0.81

 

57,500

 

$

0.81

 

70,000

 

$

0.81

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of information about stock options by range of exercise prices

 

The following table summarizes information about non-employee options outstanding under the aforementioned plans at December 31, 2016:

 

Exercise
Price

 

Shares
Outstanding

 

Weighted Average
Remaining Contractual Life

 

Shares
Exercisable

 

0.81 

 

57,500 

 

2.54 

 

57,500