Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2014

A summary of restricted stock activity for the year ended December 31, 2014 is as follows:

The following table summarizes the Company's stock option activity for the year ended December 31, 2014:

	Number of Options			Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (in Years)		Aggregate Intrinsic Value
Outstanding - December 31, 2013		-		$	-			-	$	-
Granted in compensatory arrangements		187,000			3.45
Issued as Merger consideration		183,000			3.45
Exercised		-			-
Forfeited or Canceled		(24,000	)		(3.45	)
Outstanding – December 31, 2014		346,000		$	3.45			9.4	$	491,320

Exercisable – December 31, 2014		183,000			3.45			9.5	$	259,860

A summary of the changes in the Company's unvested stock options is as follows:

	Number of Options			Weighted Average Grant Date Fair Value
Unvested - December 31, 2013		-		$	-
Granted in compensatory arrangements		187,000			1.65
Issued as Merger consideration		183,000			3.04
Vested		(183,000	)		(3.04	)
Forfeited or Canceled		(24,000	)		1.65
Unvested – December 31, 2014		163,000		$	1.65

A summary of warrant activity for the year ended December 31, 2014 is as follows:

	Number of Warrants		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in Years)		Aggregate Intrinsic Value
Outstanding - December 31, 2013		131,250	$	10.00		5.2	$	-
Granted		231,250		7.41
Exercised		-		-
Forfeited or Canceled		-		-
Outstanding – December 31, 2014		362,500	$	8.34		4.5	$	87,000

Exercisable – December 31, 2014		131,250		10.00		4.2	$	-

A summary of the changes in the Company's unvested warrants is as follows:

	Number of Warrants			Weighted Average Grant Date Fair Value
Unvested - December 31, 2013		-		$	-
Granted		231,250			1.87
Vested		(231,250	)		(1.87	)
Forfeited or Canceled		-			-
Unvested – December 31, 2014		-		$	-