Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2015

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

Schedule of Unvested Award activity

		Number of Options				Weighted Average Grant Date Fair Value
Unvested - December 31, 2014			163,000			$	1.65
Granted			32,857				1.87
Vested			(47,668	)			(1.65	)
Forfeited or Canceled			(38,000	)			(1.65	)
Unvested – September 30, 2015			110,189			$	1.71

Schedule of Award Fair Value Assumptions

Risk-free interest rate			1.41%
Expected dividend yield			0.00%
Expected volatility			39.47%
Expected term			5.5 years

Schedule of Restricted Stock Activity

		Number of Shares
Unvested - December 31, 2014			200,001
Granted			-
Vested			-
Forfeited or Canceled			-
Unvested – September 30, 2015			200,001

Stock Options [Member]

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

Schedule of Award Activity

		Number of Options				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (in Years)				Aggregate Intrinsic Value
Outstanding - December 31, 2014			346,000			$	3.45				9.4			$	491,320
Granted			32,857				4.90
Exercised			-				-
Forfeited or Canceled			(221,000	)			(3.45	)
Outstanding – September 30, 2015			157,857			$	3.75				8.2			$	-

Exercisable – September 30, 2015			47,668				3.45				6.9			$	-

Warrants [Member]

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

Schedule of Award Activity

		Number of Warrants				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (in Years)				Aggregate Intrinsic Value
Outstanding - December 31, 2014			362,500			$	8.34				4.5			$	85,000
Granted			-				-
Exercised			-				-
Forfeited or Canceled			-				-
Outstanding – September 30, 2015			362,500			$	8.34				3.8			$	-

Exercisable – September 30, 2015			362,500				8.34				3.8			$	-