Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity and Stock Compensation (Tables)

v3.3.1.900
Stockholders' Equity and Stock Compensation (Tables)
 12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock Options and Warrants Fair Value

    Year Ended December 31,  
    2015     2014     2013  
Number of options granted     -       147,500       420,500  
Number of Warrants granted     51,000       -       -  
Vesting period      none        none        2 - 3 years  
Maximum term of option or Warrants from date of grant      3 years        7 years        6 - 7 years  
Exercise price per share   $ 1.35     $ 1.39        $1.48 - $1.65  
Weighted average fair value per share of options and Warrants granted during the year   $ 0.26     $ 0.59     $ 0.56  

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,  
    2015     2014     2013  
Expected option or Warrant life      3 years        3.5 years        3.75 - 4.5 years  
Weighted average risk free rate     0.88 %     0.10 %     0.36 %
Dividend yield     0 %     0 %     0 %
Expected volatility     26.42 %     52.43 %     47.33% - 82.09 %

Schedule of Stock Options Granted

A summary of the status of our stock options granted pursuant the 1997 Plan and the 2010 Plan as of December 31, 2015, 2014 and 2013 and changes during the years then ended is presented below (in thousands, except per share data):

 

    Year Ended December 31,  
    2015     2014     2013  
          Weighted Average           Weighted Average           Weighted Average  
    Shares     Exercise Price     Shares     Exercise Price     Shares     Exercise Price  
Options outstanding - beginning of year     1,740     $ 1.40       1,638     $ 1.60       1,307     $ 1.72  
Granted     -       -       148       1.39       420       1.64  
Exercised     -       -       -       -       (25 )     1.08  
Cancelled     (27 )     13.50       (46 )     9.50       (64 )     4.53  
Options outstanding - end of year     1,713     $ 1.21       1,740     $ 1.40       1,638     $ 1.60  
                                                 
Options granted and subject to future vesting     4     $ 1.48       263     $ 1.54       884     $ 1.32  
                                                 
Exercisable, at end of year     1,709               1,477               1,085          
Available for grant     20               20               262          

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, 2015 (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       2.9     $ 1.02  
$1.36 - $1.65     579       4.2     $ 1.57  
Total     1,709             $ 1.37