STOCK BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2014

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

The following table summarizes our stock option activity for the years ended December 31, 2014 and 2013:



	Number of Shares		Weighted Average Exercise Price Per Share		Weighted Average Grant Date Fair Value Per Share		Weighted Average Remaining Contractual Term (Yrs)
Outstanding, December 31, 2012	—		$	—	$	—	—
Granted	227,000		$	0.42	$	0.19
Exercised	—		$	—	$	—
Canceled / Forfeited	(18,000	)	$	0.42	$	0.19
Outstanding, December 31, 2013	209,000		$	0.42	$	0.19	9.2 years
Granted	625,000		$	0.10	$	0.10
Exercised	—		$	—	$	—
Canceled / Forfeited	(89,000	)	$	0.42	$	0.19
Outstanding, December 31, 2014	745,000		$	0.15	$	0.31	9.5 years
Options exercisable at December 31, 2014	248,333		$	0.15	$	0.31	9.5 years

Weighted average assumptions

The following table shows the weighted average assumptions used in the Black-Scholes-Merton calculation of the fair value of the stock option grants for the years ended December 31, 2014 and 2013:



	2014		2013
Expected dividend yield	—	%	—	%
Volatility	256.77	%	47.3	%
Risk-free interest rate	1.77	%	1.3	%
Expected life	6.0 years		6.0 years

Summary of restricted stock activity

The following table summarizes our restricted stock activity for the years ended December 31, 2014 and 2013:



	Shares		Weighted Average Grant Date Fair Value Per Share
Nonvested, December 31, 2012	116,666		$	0.48
Granted	136,200		$	0.42
Vested	(103,733	)	$	0.55
Canceled / Forfeited	(53,333	)	$	0.26
Nonvested, December 31, 2013	95,800		$	0.44
Granted	1,145,000		$	0.29
Vested	(243,333	)	$	0.34
Canceled / Forfeited	(50,800	)	$	0.46
Nonvested, December 31, 2014	946,667		$	0.28

NYTEX Energy Holdings, Inc. 10-K