Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity and Stock Compensation (Tables)

v3.6.0.2
Stockholders' Equity and Stock Compensation (Tables)
 12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock Options and Warrants Fair Value

Presented below is a summary of the terms of the grant of options and Warrants:

 

    Year Ended December 31,  
    2016     2015     2014  
Number of options granted     -       -       147,500  
Number of Warrants granted     -       51,000       -  
Vesting period     -       none       none  
Maximum term of option or Warrants from date of grant     -       3 years       7 years  
Exercise price per share     -     $ 1.35     $ 1.39  
Weighted average fair value per share of options and                        
Warrants granted during the year     -     $ 0.26     $ 0.59

Summary of Assumptions Used In Determining Fair Value of Stock Options and Warrants

Presented below is a summary of assumptions used in determining the fair value of the stock options and Warrants at the date of grant:

 

    Year Ended December 31,  
    2016     2015     2014  
Expected option or Warrant life     -       3 years       3.5 years  
Weighted average risk free rate     -       0.88 %     0.10 %
Dividend yield     -       0 %     0 %
Expected volatility     -       26.42 %     52.43 %

Schedule of Stock Options Granted

A summary of the status of our stock options granted pursuant the 2010 Plan as of December 31, 2016, 2015 and 2014 and changes during the years then ended is presented below (in thousands, except per share data):

 

    Year Ended December 31,  
    2016     2015     2014  
          Weighted Average           Weighted Average           Weighted Average  
    Shares     Exercise Price     Shares     Exercise Price     Shares     Exercise Price  
Options outstanding - beginning of year     1,713     $ 1.21       1,740     $ 1.40       1,638     $ 1.60  
Granted             -       -               148       1.39  
Exercised     -       -                       -       -  
Cancelled     (14 )     1.44       (27 )     13.50       (46 )     9.50  
Options outstanding - end of year     1,699     $ 1.20       1,713     $ 1.21       1,740     $ 1.40  
                                                 
Options granted and subject to future vesting     -     $ -       4     $ 1.48       263     $ 1.54  
                                                 
Exercisable, at end of year     1,699               1,709               1,477          
Available for grant     734               20               20      

Summarizes Information About Stock Options Outstanding and Stock Options Exercisable

The following table summarizes information about stock options outstanding and stock options exercisable at December 31, 2016 (in thousands, except remaining life and per share data):

 

    Options Outstanding and Exercisable  
Range of Exercise Prices   Number
Outstanding 		    Weighted Average
Remaining
Contractual Life 		    Weighted Average
Exercise Price Per
Share 		 
$0.87 - $1.17     1,130       1.1     $ 1.02  
$1.36 - $1.65     569       3.2     $ 1.57  
Total     1,699             $ 1.37