Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Stock Plans and Stock Based Compensation (Tables)

v3.3.0.814
Note 4 - Stock Plans and Stock Based Compensation (Tables)
9 Months Ended
Sep. 30, 2015
Notes Tables  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
   
Shares
   
Weighted Average
Exercise Price
   
Weighted Average
Remaining
Contractual Term
(years)
   
Aggregate
Intrinsic
Value
 
Options outstanding Janury 1, 2015
    239,023     $ 7.81                  
Granted
    12,000       4.19                  
Exercised
    (3,423 )     2.79             $ 4,298  
Forfeited
    (29,400 )     8.13                  
Options outstanding End of Period
(1)
    218,200       7.65       5.1     $ 25,464  
Options Exercisable at September 30, 2015
(1)
    169,533     $ 8.47       4.8     $ 25,464  
Options Vested and expected to be vested at September 30, 2015
    212,333     $ 7.72       5.1     $ 25,464  
   
Shares
   
Weighted Average
Exercise Price
   
Weighted Average
Remaining
Contractual Term
(years)
   
Aggregate
Intrinsic
Value
 
Options outstanding Janury 1, 2014
    362,800     $ 9.53                  
Granted
    71,800       4.70                  
Exercised
    (1,257 )     2.79             $ 2,319  
Forfeited
    (187,000 )     10.04                  
Options outstanding End of Period
(1)
    246,343       7.77       5.1     $ 23,065  
Options Exercisable at September 30, 2014
(1)
    174,543     $ 9.04       4.4     $ 21,049  
Options Vested and expected to be vested at September 30, 2014
    237,543     $ 7.87       5.0     $ 23,065  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   
Outside Director Stock Options Granted
 
   
September 30, 2015
   
September 30, 2014
 
Weighted-average fair value per share
    $2.84       $2.73  
Risk -free interest rate
(1)
    2.21%       2.63%  
Expected volatility of stock
(2)
    57.98%       59.59%  
Dividend yield
    None       None  
Expected option life
(3)
(years)
    10.0       10.0  
   
Employee Stock Option Granted
 
   
as of September 30, 2014
 
Weighted-average fair value per share
    $2.88  
Risk -free interest rate
(1)
    1.91%  
Expected volatility of stock
(2)
    61.84%  
Dividend yield
    None  
Expected option life
(3)
(years)
    6.0  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
   
Three Months Ended
   
Nine Months Ended
 
Stock Options
 
September 30,
   
September 30,
 
   
2015
   
2014
   
2015
   
2014
 
Employee Stock Options
  $ 13,000     $ 12,000     $ 39,000     $ (27,000 )
Director Stock Options
    2,000       3,000       23,000       25,000  
Total
  $ 15,000     $ 15,000     $ 62,000     $ (2,000 )