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Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2016

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]

The fair values of the options granted during the Current Quarter were estimated at the date of grant using the Black-Scholes option pricing model with the following assumptions:

Expected Volatility		33.25 – 33.88	%
Expected Dividend Yield		0	%
Expected Life (Term)		3.25 – 5.32 years
Risk-Free Interest Rate		0.91 – 1.21	%

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of the Company’s stock options activity for the Current Quarter is as follows:

		Number of Options			Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (in Years)			Aggregate Intrinsic Value
Outstanding at January 1, 2016			379,500		$	5.50			1.71		$	1,174,000
Granted			2,421,500			6.13
Canceled			-			-
Exercised			(6,500)			(3.00)
Expired/Forfeited			-			-
Outstanding and expected to vest at March 31, 2016			2,794,500		$	6.05			4.83		$	(695,000)
Exercisable at March 31, 2016			325,500		$	5.22			1.18		$	188,000

Schedule of Nonvested Share Activity [Table Text Block]

The following table summarizes the Company’s stock option activity for non-vested options for the Current Quarter:

		Number of Options			Weighted Average Grant Date Fair Value
Balance at January 1, 2016			47,500		$	1.43
Granted			2,421,500			1.45
Vested			-			-
Forfeited or Canceled			-			-
Balance at March 31, 2016			2,469,000		$	1.45

Schedule of Share-based Compensation, Stock Warrant Activity [Table Text Block]

A summary of the Company’s warrants activity for the Current Quarter is as follows:

		Number of Warrants			Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (in Years)			Aggregate Intrinsic Value
Outstanding and exercisable at January 1, 2016			2,219,543		$	6.07			3.23		$	3,168,000
Granted			-			-
Canceled			-			-
Exercised			(25,000)			(0.01)
Expired/Forfeited			-			-
Outstanding and exercisable at March 31, 2016			2,194,543		$	6.14			3.01		$	(750,000)

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

A summary of the Company’s restricted stock activity for the Current Quarter is as follows:

		Number of Restricted Shares			Weighted Average Grant Date Fair Value
Outstanding at January 1, 2016			3,530,485		$	4.95
Granted			265,243			5.80
Canceled			-			-
Vested			(162,500)			4.48
Expired/Forfeited			(4,525)			8.66
Outstanding at March 31, 2016			3,628,703		$	5.03

X

- Definition

Tabular disclosure of the changes in outstanding nonvested shares.

+ 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)(2)
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+ 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

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+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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