Annual report pursuant to Section 13 and 15(d)

Note 11 - Share-based Compensation (Tables)

v3.20.1
Note 11 - Share-based Compensation (Tables)
 12 Months Ended
Dec. 31, 2019
Notes Tables  
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]
   
 
 
 
  
Weighted
    
 
 
 
   
 
 
 
  
average
    
 
 
 
   
 
 
 
  
grant
    
 
 
 
   
Number of
    
date fair
    
Aggregate
  
   
shares
   
value
    
fair value
  
                         
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
      
 
  
Granted
    
26,000
      
7.04
      
 
  
Vested
    
(58,314
 )    
3.17
     $
712,969
  
Vested shares forgone to satisfy minimum statutory withholding
    
(71,269
 )    
3.17
     $
422,779
  
Forfeitures
    
-
      
-
      
 
  
Unvested at December 31, 2019
    
26,000
     $
7.04
      
 
  
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity [Table Text Block]
   
2019
    
2018
  
Compensation expense
   $
43,030
     $
33,874
  
Shares of stock sold to employees
    
33,742
      
43,433
  
Weighted average fair value per ESPP award
   $
3.94
     $
2.45
  
Schedule of Nonvested Share Activity [Table Text Block]
   
 
 
 
  
 
 
 
  
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, 2017
    
1,962,500
     $
2.44
      
3.18
     $
-
  
                                 
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
      
 
      
 
  
                                 
Granted
    
670,000
      
3.77
      
4.40
      
 
  
Exercised
    
(213,056
 )    
2.33
      
 
      
624,462
  
Exercised shares forgone to satisfy minimum statutory withholding
    
(51,339
 )    
2.33
      
 
      
 
  
Cashless exercise
    
(184,493
 )    
2.33
      
 
      
 
  
Forfeited
    
(101,946
 )    
3.63
      
 
      
 
  
                                 
Outstanding at December 31, 2019
    
2,343,333
     $
2.99
      
1.81
     $
12,989,767
  
                                 
Exercisable at December 31, 2019
    
1,501,750
     $
2.69
      
 
      
 
  
   
 
 
 
  
 
 
 
  
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, 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
  
                                 
Granted
    
-
      
-
      
-
      
-
  
Exercised
    
-
      
-
      
-
      
-
  
Forfeited
    
-
      
-
      
-
      
-
  
                                 
Outstanding at December 31, 2019
    
125,000
     $
2.55
      
4.42
     $
747,500
  
                                 
Exercisable at December 31, 2019
    
49,479
     $
2.55
      
 
      
 
  
Share-based Payment Arrangement, Option, 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
    
1,348,333
      
0.56
     $
2.36
      
1,106,333
     $
2.38
  
$3.01
-
$4.00
    
600,000
      
3.53
     $
3.26
      
316,667
     $
3.27
  
$4.01
-
$5.00
    
395,000
      
4.40
     $
4.70
      
78,750
     $
4.70
  
                                             
Outstanding at December 31, 2019
    
2,343,333
      
1.81
     $
2.99
      
1,501,750
     $
2.69
  
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]
Stock Options:
  
2019
    
2018
  
Expected volatility
  
 36%
to
38%
    
 35%
to
49%
  
Risk free interest rate
  
 1.80%
 to
2.36%
    
 2.43%
to
2.88%
  
Expected lives at date of grant (in years)
  
 
4.63
 
    
 
3.83
 
  
Weighted average fair value of options granted
  
 
$1.61
 
    
 
$1.00
 
  
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]
   
2019
    
2018
  
Restricted share expense
   $
190
     $
78
  
Stock option and SARs expense
    
807
      
879
  
Total stock-based compensation expense
   $
997
     $
957