Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v3.7.0.1
Equity (Tables)
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following is a summary of option activities for the six months ended June 30, 2017:
 
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
 
 
Average
 
 
 
 
 
 
 
Weighted
 
Weighted
 
Remaining
 
 
 
 
 
 
 
Average
 
Average
 
Contractual
 
Aggregate
 
 
 
Number of
 
Grant Date
 
Exercise
 
Term
 
Intrinsic
 
 
 
Shares
 
Fair Value
 
Price
 
(in years)
 
Value
 
Outstanding, December 31, 2016
 
 
510,000
 
$
3.40
 
$
5.28
 
 
9.29
 
$
48,500
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Granted
 
 
20,000
 
$
1.76
 
$
2.31
 
 
 
 
 
 
 
Outstanding, June 30, 2017
 
 
530,000
 
$
3.33
 
$
5.17
 
 
8.57
 
$
83,500
 
Exercisable, June 30, 2017
 
 
50,000
 
$
0.14
 
$
0.20
 
 
2.92
 
$
83,500