v2.4.0.8
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2014
Summary of Stock Option Activity

The following tables summarize stock option activity during the six month period ended June 30, 2014:

 

     Number
of Shares
    Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Term
     Average
Intrinsic
Value
 

Outstanding at January 1, 2014

     279,000      $ 3.31         

Granted

     —         —          

Exercised

     (140,000     1.13         

Forfeited

     (20,000     6.10         
  

 

 

         

Outstanding and exercisable at June 30, 2014

     119,000      $ 5.41         3.5 years       $ 16,000   
  

 

 

         

Options vested and expected (as of June 30, 2014) to vest in the future

     119,000      $ 5.41         3.5 years       $ 16,000   
  

 

 

         
Summary of Share Based Compensation Option Unvested

A summary of the status of the Company’s unvested options as of June 30, 2014 and changes during the six month period ended June 30, 2014 is presented below:

 

     Shares     Weighted
Average
Grant Date
Fair Value
 

Unvested at January 1, 2014

     10,000      $ 2.77   

Granted

     —         —    

Vested

     (10,000     2.77   

Forfeited

     —         —    
  

 

 

   

Unvested at June 30, 2014

     —       $ —    
  

 

 

   
Summary of Restricted Share Activity

A summary of the status of the Company’s restricted share activity follows:

 

     Shares     Weighted
Average
Grant Date
Fair Value
 

Unvested restricted shares outstanding at January 1, 2014

     318,600      $ 3.27   

Granted

     164,500        3.66   

Vested

     (103,503     (3.44

Forfeited

     —         —    
  

 

 

   

Unvested at June 30, 2014

     379,657      $ 3.40