Annual report pursuant to Section 13 and 15(d)

Note 6 - Capital Stock, Stock Plans, Warrants, and Stock Based Compensation (Tables)

v3.6.0.2
Note 6 - Capital Stock, Stock Plans, Warrants, and Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
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, 2016
   
218,200
    $
7.65
     
 
     
 
 
Granted
   
62,000
     
4.09
     
 
     
 
 
Exercised
 
   
                 
Forfeited/expired
   
(33,000
)    
8.14
     
 
     
 
 
Options outstanding end of period
(1)
   
247,200
    $
6.69
     
4.3
    $
20,940
 
Options exercisable at December 31, 2016
(1)
   
181,867
    $
7.61
     
3.7
    $
20,940
 
Options vested and expected to be vested at December 31, 2016
   
239,750
    $
6.78
     
4.3
    $
20,940
 
   
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
 
Schedule of Nonvested Share Activity [Table Text Block]
   
Shares
   
Weighted
 
Average
Grant-Date
Fair Value
 
Non-vested options January 1, 2016
   
48,667
    $
2.87
 
Granted
   
62,000
     
2.19
 
Vested
   
(30,334
)    
2.87
 
Forfeited
   
(15,000
)    
2.88
 
Non-vested options at December 31, 2016
   
65,333
    $
2.23
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   
Employee Stock Option Granted
May 15, 2016
 
Weighted-average fair value per share
   $
2.00
 
Risk -free interest rate
(1)
   
1.27%
 
Expected volatility of stock
(2)
   
53.12%
 
Dividend yield
   
None
 
Expected option life
(3)
(in years)
   
6.0
 
   
Outside Director Stock Options Granted
 
   
July 28, 2016
   
September 17, 2015
 
Weighted-average fair value per share
  $
3.0
    $
2.84
 
Risk -free interest rate
(1)
   
1.52%
     
2.21%
 
Expected volatility of stock
(2)
   
55.99%
     
57.98%
 
Dividend yield
   
None
   
 
None
 
Expected option life
(3)
(in years)
   
10.0
     
10.0
 
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
   
Year Ended
 
   
2016
   
2015
 
Employee Stock Options
  $
53,000
    $
53,000
 
Director Stock Options
   
45,000
     
39,000
 
Total
  $
98,000
    $
92,000