Annual report pursuant to Section 13 and 15(d)

Note 11 - Share-based Compensation (Tables)

v3.19.1
Note 11 - Share-based Compensation (Tables)
 12 Months Ended
Dec. 31, 2018
Notes Tables  
Schedule of Share-based Compensation, Stock Appreciation Rights Award Activity [Table Text Block]
   
 
 
 
  
Weighted
    
 
 
 
   
 
 
 
  
average
    
 
 
 
   
 
 
 
  
grant
    
 
 
 
   
Number of
    
date fair
    
Aggregate
  
   
shares
   
value
    
fair value
  
                         
Unvested at December 31, 2016
    
-
     $
-
      
 
  
Granted
    
200,000
      
1.26
     $
60,000
  
Vested
    
-
      
-
      
 
  
Vested shares forgone to satisfy minimum statutory withholding
    
-
      
-
      
 
  
Forfeitures
    
-
      
-
      
 
  
Unvested at December 31, 2017
    
200,000
      
1.26
     $
60,000
  
Granted
    
-
      
-
      
 
  
Vested (1)
    
(200,000
 )    
1.26
     $
288,000
  
Vested shares forgone to satisfy minimum statutory withholding
    
-
      
-
      
 
  
Forfeitures
    
-
      
-
      
 
  
Unvested at December 31, 2018
    
-
     $
-
     $
-
  
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]
   
 
 
 
  
Weighted
    
 
 
 
   
 
 
 
  
average
    
 
 
 
   
 
 
 
  
grant
    
 
 
 
   
Number of
    
date fair
    
Aggregate
  
   
shares
   
value
    
fair value
  
                         
Unvested at December 31, 2016
    
57,333
     $
2.21
      
 
  
Granted
    
-
      
-
      
 
  
Vested
    
(15,730
 )    
0.88
     $
83,003
  
Vested shares forgone to satisfy minimum statutory withholding
    
(20,811
 )    
2.80
     $
51,304
  
Forfeitures
    
(8,333
 )    
2.60
      
 
  
Unvested at December 31, 2017
    
12,459
      
2.61
      
 
  
Granted
    
125,000
      
1.37
      
 
  
Vested
    
(4,116
 )    
2.60
     $
13,749
  
Vested shares forgone to satisfy minimum statutory withholding
    
(2,134
 )    
2.60
     $
4,695
  
Forfeitures
    
(1,626
 )    
2.60
      
 
  
Unvested at December 31, 2018
    
129,583
     $
1.42
      
 
  
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity [Table Text Block]
   
2018
    
2017
  
Compensation expense
   $
33,874
     $
49,150
  
Shares of stock sold to employees
    
43,433
      
68,958
  
Weighted average fair value per ESPP award
   $
2.45
     $
2.21
  
Schedule of Nonvested Share Activity [Table Text Block]
   
 
 
 
  
 
 
 
  
Weighted-
    
 
 
 
   
 
 
 
  
 
 
 
  
Average
    
 
 
 
   
Number
   
Weighted-
    
Remaining
    
Aggregate
  
   
of Authorized
    
Average Exercise
    
Contractual
    
Intrinsic
  
2007 Plan (Options)
  
Shares
    
Price
    
Term (in Years)
    
Value
  
Outstanding at December 31, 2016
    
488,332
     $
2.31
      
0.25
     $
118,899
  
Granted
    
-
      
-
      
 
      
 
  
Exercised
    
(25,037
 )    
1.51
      
 
      
86,900
  
Exercised shares forgone to satisfy minimum statutory withholding
    
(13,245
 )    
2.32
      
 
      
 
  
Cashless exercise
    
(71,718
 )    
2.32
      
 
      
 
  
Forfeited
    
(245,000
 )    
2.83
      
 
      
 
  
Outstanding at December 31, 2017
    
133,332
     $
1.99
      
 
     $
40,716
  
Granted
    
-
      
-
      
 
      
 
  
Exercised
    
(33,576
 )    
1.96
      
 
      
162,134
  
Exercised shares forgone to satisfy minimum statutory withholding
    
(14,255
 )    
1.96
      
 
      
 
  
Cashless exercise
    
(65,501
 )    
1.96
      
 
      
 
  
Forfeited
    
(20,000
 )    
1.93
      
 
      
 
  
Outstanding at December 31, 2018
    
-
     $
-
      
-
     $
-
  
Exercisable at December 31, 2018
    
-
     $
-
      
 
      
 
  
   
 
 
 
  
 
 
 
  
Weighted-
    
 
 
 
   
 
 
 
  
 
 
 
  
Average
    
 
 
 
   
Number
   
Weighted-
    
Remaining
    
Aggregate
  
   
of Authorized
    
Average Exercise
    
Contractual
    
Intrinsic
  
2014 Plan (Options)
  
Shares
    
Price
    
Term (in Years)
    
Value
  
Outstanding at December 31, 2016
    
1,249,999
     $
2.80
      
4.26
     $
-
  
Granted
    
1,087,500
     $
2.09
      
3.13
      
 
  
Exercised
    
-
      
-
      
 
      
 
  
Exercised shares forgone to satisfy minimum statutory withholding
    
-
      
-
      
 
      
 
  
Cashless exercise
    
-
      
-
      
 
      
 
  
Forfeited
    
(374,999
 )    
2.61
      
 
      
 
  
Outstanding at December 31, 2017
    
1,962,500
     $
2.44
      
3.18
     $
-
  
Exercisable at December 31, 2017
    
955,868
     $
2.69
      
 
      
 
  
Granted
    
825,000
      
3.14
      
3.64
      
 
  
Exercised
    
(10,953
 )    
2.15
      
 
      
12,159
  
Exercised shares forgone to satisfy minimum statutory withholding
    
(5,134
 )    
2.15
      
 
      
 
  
Cashless exercise
    
(33,079
 )    
2.15
      
 
      
 
  
Forfeited
    
(514,167
 )    
2.62
      
 
      
 
  
Outstanding at December 31, 2018
    
2,224,167
     $
2.67
      
3.01
     $
1,719,584
  
Exercisable at December 31, 2018
    
1,101,910
     $
2.52
      
 
      
 
  
   
 
 
 
  
 
 
 
  
Weighted-
    
 
 
 
   
 
 
 
  
 
 
 
  
Average
    
 
 
 
   
Number
   
Weighted-
    
Remaining
    
Aggregate
  
Inducement
  
of Authorized
    
Average Exercise
    
Contractual
    
Intrinsic
  
Options
  
Shares ( 1 )
    
Price
    
Term (in Years)
    
Value
  
Outstanding at December 31, 2016
    
800,000
     $
2.25
      
2.26
     $
240,000
  
Granted
    
-
      
-
      
-
      
-
  
Exercised
    
-
      
-
      
-
      
-
  
Forfeited
    
(800,000
 )    
-
      
-
      
-
  
Outstanding at December 31, 2017
    
-
     $
-
      
-
     $
-
  
Granted
    
125,000
      
2.55
      
5.42
      
111,250
  
Exercised
    
-
      
-
      
-
      
-
  
Forfeited
    
-
      
-
      
-
      
-
  
Outstanding at December 31, 2018
    
125,000
     $
2.55
      
5.42
     $
111,250
  
Exercisable at December 31, 2018
    
-
     $
-
      
 
      
 
  
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
   
Options Outstanding
    
Options Exercisable
  
2014 Plan (Options):
                                        
Range of Exercise Prices
  
Number of
Shares
Outstanding
    
Weighted-Average
Remaining
Contractual Life
    
Weighted-Average
Exercise Price
    
Number of
Shares
Exercisable
    
Weighted-
Average
Exercise
Price
  
                                         
$2.01
-
$3.00
    
1,519,167
      
2.48
     $
2.41
      
1,040,243
     $
2.48
  
$3.01
-
$4.00
    
705,000
      
3.39
     $
3.22
      
61,667
     $
3.18
  
Outstanding at December 31, 2018
    
2,224,167
      
3.01
     $
2.67
      
1,101,910
     $
2.52
  
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]
Stock Options:
  
2018
    
2017
  
Expected volatility
    
35%
to
49%
      
30%
to
69%
  
Risk free interest rate
    
2.43%
to
2.88%
      
0.69%
to
2.05%
  
Expected lives at date of grant (in years)
    
 
3.83
 
      
 
3.93
 
  
Weighted average fair value of options granted
    
 
$1.00
 
      
 
$2.09
 
  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
   
2018
    
2017
  
Restricted share expense
   $
78
     $
48
  
Stock option and SARs expense
    
879
      
634
  
Total stock-based compensation expense
   $
957
     $
682