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Stock Options (Tables)
3 Months Ended
Mar. 31, 2016
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The weighted average fair values of the options granted and weighted average assumptions are as follows:
 
 
 
 
 
 
 
Weighted-
 
 
 
 
 
 
 
 
 
Average
 
 
 
 
 
 
 
Weighted -
 
Remaining
 
 
 
 
 
Number of
 
Average
 
Contractual Term
 
Aggregate
 
 
 
Options
 
Exercise Price
 
(years)
 
Intrinsic Value
 
Outstanding at January 1, 2016
 
 
3,970,146
 
$
3.02
 
 
 
 
 
 
 
Granted
 
 
710,000
 
 
2.67
 
 
 
 
 
 
 
Exercised
 
 
-
 
 
-
 
 
 
 
 
 
 
Forfeited/Expired
 
 
(65,000)
 
 
2.89
 
 
 
 
 
 
 
Outstanding at March 31, 2016
 
 
4,615,146
 
$
2.97
 
 
5.79
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at March 31, 2016
 
 
2,279,758
 
$
3.17
 
 
4.03
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Vested and Expected to Vest at March 31, 2016
 
 
4,615,146
 
$
2.97
 
 
5.79
 
$
-
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The weighted average fair values of the options granted and weighted average assumptions are as follows:
 
 
 
Three Months Ended
 
 
 
March 31,
 
 
 
2016
 
 
2015
 
Weighted average fair value of options granted
 
$
1.09
 
 
$
-
 
 
 
 
 
 
 
 
 
 
Risk-free interest rate
 
 
1.38% - 1.73
%
 
 
-
 
Expected life (years)
 
 
5 - 6
 
 
 
-
 
Expected volatility factor
 
 
49
%
 
 
-
 
Expected dividends
 
 
-
 
 
 
-
 
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
The stock-based compensation expense related to the Company’s various stock awards was allocated as follows (in thousands):
 
 
 
Three months ended
 
 
 
March 31,
 
 
 
2016
 
2015
 
 
 
 
 
 
 
Direct operating costs
 
$
90
 
$
91
 
Selling and administrative expenses
 
 
189
 
 
194
 
Total stock-based compensation
 
$
279
 
$
285