Quarterly report pursuant to Section 13 or 15(d)

Equity Incentive Plan (Tables)

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Equity Incentive Plan (Tables)
3 Months Ended
Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of the Company’s stock option activity and related information is as follows:
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
Weighted
 
Average
 
 
 
 
 
Average
 
Remaining
 
 
 
Stock
 
Exercise
 
Life
 
 
 
Options
 
Price
 
(in years)
 
Outstanding at December 31, 2015
 
 
1,332,323
 
$
6.94
 
 
8.4
 
Granted
 
 
59,938
 
$
6.83
 
 
 
 
Exercised
 
 
(4,607)
 
$
5.00
 
 
 
 
Forfeited/Expired/Exchanged
 
 
(2,250)
 
$
7.76
 
 
 
 
Outstanding at March 31, 2016
 
 
1,385,404
 
$
6.94
 
 
8.2
 
Exercisable at March 31, 2016
 
 
645,751
 
$
6.18
 
 
7.6