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Stock Options (Tables)
9 Months Ended
Sep. 30, 2016
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The fair value of stock options is estimated on the date of grant using the Black-Scholes option pricing model. 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
 
 
750,000
 
 
2.65
 
 
 
 
 
 
 
Exercised
 
 
-
 
 
-
 
 
 
 
 
 
 
Forfeited/Expired
 
 
(240,977)
 
 
3.13
 
 
 
 
 
 
 
Outstanding at September 30, 2016
 
 
4,479,169
 
$
2.95
 
 
5.34
 
$
46,400
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at September 30, 2016
 
 
2,409,156
 
$
3.12
 
 
4.02
 
$
5,940
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Vested and Expected to Vest at September 30, 2016
 
 
4,479,169
 
$
2.95
 
 
5.34
 
$
46,400
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The fair value of stock options is estimated on the date of grant using the Black-Scholes option pricing model. The weighted average fair values of the options granted and weighted average assumptions are as follows:
 
 
 
Nine Months Ended
 
 
 
September 30,
 
 
 
2016
 
 
2015
 
Weighted average fair value of options granted
 
$
1.08
 
 
$
-
 
 
 
 
 
 
 
 
 
 
Risk-free interest rate
 
 
1.26% - 1.49
%
 
 
-
 
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
 
Nine months ended
 
 
 
September 30,
 
September 30,
 
 
 
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
 
 
 
Direct operating costs
 
$
81
 
$
98
 
$
245
 
$
293
 
Selling and administrative expenses
 
 
126
 
 
143
 
 
484
 
 
507
 
Total stock-based compensation
 
$
207
 
$
241
 
$
729
 
$
800