Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Stock Plans and Stock Based Compensation (Tables)

v2.4.0.8
Note 6 - Stock Plans and Stock Based Compensation (Tables)
9 Months Ended
Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
   

Shares

   

Weighted Average Exercise Price

   

Weighted Average Remaining Contractual Term

   

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  
   

Shares

   

Weighted Average Exercise Price

   

Weighted Average Remaining Contractual Term

   

Aggregate Intrinsic Value

 

Options outstanding Janury 1, 2013

    528,800     $ 9.82                  

Granted

    18,000       2.79                  

Exercised

 

   

           

$

 

Forfeited

    (156,000 )     8.28                  

Options outstanding End of Period (2)

    390,800       9.66       3.2     $ 15,900  

Options Exercisable at September 30, 2013(2)

    352,800     $ 10.11       2.9    

$

 

Options Vested and expected to be vested at September 30, 2013

    390,800     $ 9.66       3.2     $ 15,900  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

Outside Director Stock Options Granted

 
   

September 30, 2014

   

September 30, 2013

 

Weighted-average fair value per share

  $ 2.73     $ 1.96  

Risk -free interest rate (1)

    2.63%       2.92%  

Expected volatility of stock (2)

    59.59%       58.88%  
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,

 
   

2014

   

2013

   

2014

   

2013

 

Employee Stock Options

  $ 12,000     $ 22,000     $ (27,000 )   $ 58,000  

Director Stock Options

    3,000       4,000       25,000       21,000  

Total

  $ 15,000     $ 26,000     $ (2,000 )   $ 79,000