Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Stock-based Compensation

v3.19.3
Note 5 - Stock-based Compensation
9 Months Ended
Sep. 30, 2019
Notes to Financial Statements  
Share-based Payment Arrangement [Text Block]
5
.
Stock-Based Compensation
 
For the
three
-month periods ended
September 30, 2019
and
2018,
our total stock-based compensation expense, which includes reversals of expense for certain forfeited or cancelled awards, was approximately
$50,000
and
$44,000,
respectively. For the
nine
-month periods ended
September 30, 2019
and
2018,
our total stock-based compensation expense, which includes reversals of expense for certain forfeited or cancelled awards, was approximately
$178,000
and
$261,000,
respectively. We have
not
recorded any income tax benefit related to stock-based compensation in any of the
three
-month or
nine
-month periods ended
September 30, 2019
and
2018.
 
A summary of the status of our stock options as of
September 30, 2019,
and changes during the
nine
-month period then ended, is presented below.
 
   
Nine
Months Ended
September
30
, 201
9
 
   
Number of
Options
   
Weighted
Average
Exercise
Price
   
Weighted
Average
Remaining
Contractual
Life
(in years)
   
Aggregate
Intrinsic
Value
 
Outstanding, January 1, 2019
   
157,915
    $
24.82
     
 
     
 
 
Granted
   
95,250
     
5.89
     
 
     
 
 
Exercised
   
     
     
 
     
 
 
Canceled and Forfeited
   
(5,304
)
   
8.94
     
 
     
 
 
Expired
   
(9,041
)
   
31.21
     
 
     
 
 
Outstanding, September 30, 2019
   
238,820
    $
17.38
     
7.4
    $
 
Exercisable, September 30, 2019
   
80,157
    $
33.13
     
5.0
    $
 
 
 
A summary of the status of our unvested restricted stock as of
September 30, 2019,
and changes during the
nine
-month period then ended, is presented below.
 
   
Nine
Months Ended
September
30
, 201
9
 
   
Number of
Shares
   
Weighted
Average
Grant-Date
Fair Value
 
Unvested, January 1, 2019
   
5,000
    $
7.42
 
Granted
   
15,000
     
2.75
 
Vested
   
(5,000
)
   
7.42
 
Forfeited
   
     
 
Unvested, September 30, 2019
   
15,000
    $
2.75
 
 
As of
September 30, 2019,
there was approximately
$83,000
of total unrecognized compensation expense related to unvested stock-based awards, which we expect to recognize over the remaining weighted average vesting term of
0.9
year.