Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Stock-based Compensation

v3.19.2
Note 5 - Stock-based Compensation
6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Share-based Payment Arrangement [Text Block]
5
.
Stock-Based Compensation
 
For the
three
-month periods ended
June 30, 2019
and
2018,
our total stock-based compensation expense, which includes reversals of expense for certain forfeited or cancelled awards, was approximately
$66,000
and
$79,000,
respectively. For the
six
-month periods ended
June 30, 2019
and
2018,
our total stock-based compensation expense, which includes reversals of expense for certain forfeited or cancelled awards, was approximately
$128,000
and
$217,000,
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, 2019
and
2018.
 
A summary of the status of our stock options as of
June 30, 2019,
and changes during the
six
-month period then ended, is presented below.
 
   
Six
Months Ended
June 30
, 201
9
 
   
Number of
Options
   
Weighted
Average
Exercise
Price
   
Weighted
Average
Remaining
Contractual
Life
(in years)
   
Aggregate
Intrinsic
Value
 
Outstanding at beginning of period
   
157,915
    $
24.82
     
 
     
 
 
Granted
   
95,250
     
5.89
     
 
     
 
 
Exercised
   
     
     
 
     
 
 
Canceled and Forfeited
   
(5,304
)
   
8.94
     
 
     
 
 
Expired
   
(9,041
)
   
31.21
     
 
     
 
 
Outstanding at end of period
   
238,820
    $
17.38
     
7.7
    $
 
Exercisable at end of period
   
78,074
    $
33.81
     
5.1
    $
 
 
A summary of the status of our unvested restricted stock as of
June 30, 2019,
and changes during the
six
-month period then ended, is presented below.
 
   
Six
Months Ended
June 30
, 201
9
 
   
Number of
Shares
   
Weighted
Average
Grant-Date
Fair Value
 
Unvested at beginning of period
   
5,000
    $
7.42
 
Granted
   
15,000
     
2.75
 
Vested
   
(5,000
)
   
7.42
 
Forfeited
   
     
 
Unvested at end of period
   
15,000
    $
2.75
 
 
As of
June 30, 2019,
there was approximately
$116,000
of total unrecognized compensation expense related to unvested stock-based awards, which we expect to recognize over the remaining weighted average vesting term of
1.0
year.