Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Stock-based Compensation

v3.10.0.1
Note 6 - Stock-based Compensation
6 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
6
.
Stock-Based Compensation
 
For the
three
-month periods ended
June 30, 2018
and
2017,
our total stock-based compensation expense, which includes reversals of expense for certain forfeited or cancelled awards, was approximately
$79,000
and
$109,000,
respectively. For the
six
-month periods ended
June 30, 2018
and
2017,
our total stock-based compensation expense, which includes reversals of expense for certain forfeited or cancelled awards, was approximately
$217,000
and
$256,000,
respectively. We have
not
recorded any income tax benefit related to stock-based compensation in any of the
three
-month or
six
-month periods ended
June 30, 2018
and
2017.
 
A summary of the status of our stock options as of
June 30, 2018,
and changes during the
six
-month period then ended, is presented below:
 
   
Six
Months Ended
June 30, 2018
 
   
Number of
Options
   
Weighted
Average
Exercise
Price
   
Weighted
Average
Remaining
Contractual
Life
(in years)
   
Aggregate
Intrinsic
Value
 
Outstanding at beginning of period
   
3,687,679
    $
1.50
     
 
     
 
 
Granted
   
470,000
     
0.53
     
 
     
 
 
Exercised
   
     
     
 
     
 
 
Canceled and Forfeited
   
(5,000
)
   
0.51
     
 
     
 
 
Expired
   
(7,000
)
   
0.66
     
 
     
 
 
Outstanding at end of period
   
4,145,679
    $
1.39
     
6.6
    $
 
Exercisable at end of period
   
2,321,683
    $
1.97
     
4.6
    $
 
 
 
A summary of the status of our unvested restricted stock as of
June 30, 2018,
and changes during the
six
-month period then ended, is presented below:
 
   
Six
Months Ended
June 30, 2018
 
   
Number of
Shares
   
Weighted
Average
Grant-Date
Fair Value
 
Unvested at beginning of period
   
150,000
    $
0.51
 
Granted
   
200,000
     
0.37
 
Vested
   
(200,000
)
   
0.47
 
Forfeited
   
     
 
Unvested at end of period
   
150,000
    $
0.37
 
 
As of
June 30, 2018,
there was approximately
$146,000
of total unrecognized compensation expense related to unvested stock-based awards, which we expect to recognize over the remaining weighted average vesting term of approximately
1.2
years.