Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Awards (Tables)

Stock-Based Awards (Tables)

3 Months Ended

Mar. 31, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

The following table summarizes stock option award activity during the three months ended March 31, 2018:

	Stock Options
	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (In years)		Aggregate Intrinsic Value (In thousands)
Outstanding as of December 31, 2017		47,870		8.72		8.4		65
Granted		—	$	—		—		—
Options exercised		—		—		—		—
Canceled		—		—		—		—
Outstanding as of March 31, 2018		47,870		8.72		8.2		532

Exercisable options as of March 31, 2018		12,750		8.0		4.6		150

Schedule of Warrants Activity

A summary of the warrant activity for the three months ended March 31, 2018 is as follows:

			Weighted		Weighted
			Average		Average
	Number of		Exercise		Remaining
	Warrants		Price		Life in Years
Outstanding, December 31, 2017		980	$	13.00		3.59
Issued		150		10.00		3.99
Exercised		—		—		—
Expired		—		—		—
Outstanding, March 31, 2018		1,130		$
Exercisable, March 31, 2018		1,130	$	12.73		3.79

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details