Annual report pursuant to Section 13 and 15(d)

Note 5 - Capital Stock, Stock Plans, Warrants, and Stock Based Compensation (Tables)

v3.3.1.900
Note 5 - Capital Stock, Stock Plans, Warrants, and Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Notes Tables  
Schedule of Stock Options Roll Forward [Table Text Block]
   
Shares
   
Weighted
Average
Exercise
Price
   
Weighted
Average
Remaining
Contractual
Term
(years)
   
Aggregate
Intrinsic
Value
(2)
 
Options outstanding January 1, 2015
    239,023     $ 7.81                  
Granted
    12,000       4.19                  
Exercised
    (3,423 )     2.79             $ 4,298  
Forfeited/Expired
    (29,400 )     8.13                  
Options outstanding End of Period
(1)
    218,200     $ 7.65       4.8     $ 14,676  
Options Exercisable at December 31, 2015
(1)
    169,533     $ 8.47       4.5     $ 14,676  
Options Vested and expected to be vested at December 31, 2015
    212,333     $ 7.72       4.8     $ 14,676  
   
Shares
   
Weighted
Average
Exercise
Price
   
Weighted
Average
Remaining
Contractual
Term
(years)
   
Aggregate
Intrinsic
Value
(2)
 
Options outstanding January 1, 2014
    362,800     $ 9.53                  
Granted
    71,800       4.70                  
Exercised
    (2,577 )     2.79             $ 3,705  
Forfeited/Expired
    (193,000 )     9.95                  
Options outstanding End of Period
(1)
    239,023     $ 7.81       4.9     $ 41,957  
Options Exercisable at December 31, 2014
(1)
    167,223     $ 9.15       4.2     $ 31,037  
Options Vested and expected to be vested at December 31, 2014
    230,223     $ 7.92       4.9     $ 41,957  
Schedule of Nonvested Share Activity [Table Text Block]
   
Shares
   
Weighted
Average
Grant-Date
Fair Value
 
Non-vested options January 1, 2015
    71,800     $ 2.85  
Granted
    12,000       2.84  
Vested
    (35,133 )     2.81  
Non-vested options at December 31, 2015
    48,667     $ 2.87  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   
Outside Director Stock Options Granted
 
   
For Year Ended
 
   
2015
   
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)
(in years)
    10.0       10.0  
   
Employee Stock Option Granted
 
   
For Year Ended 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)
(in years)
    6.0  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
   
Year Ended
 
   
2015
   
2014
 
Employee Stock Options
  $ 53,000     $ (14,000 )
Director Stock Options
    39,000       48,000  
Total
  $ 92,000     $ 34,000