XML 36 R25.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stock Options (Tables)
6 Months Ended
Jun. 30, 2017
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:
 
 
 
Number of
Options
 
Weighted -
Average Exercise
Price
 
Weighted-Average
Remaining
Contractual Term
(years)
 
Aggregate
Intrinsic
Value
 
Outstanding at January 1, 2017
 
 
5,169,169
 
$
2.88
 
 
 
 
 
 
 
Granted
 
 
-
 
 
-
 
 
 
 
 
 
 
Exercised
 
 
-
 
 
-
 
 
 
 
 
 
 
Forfeited/Expired
 
 
(35,824)
 
 
2.91
 
 
 
 
 
 
 
Outstanding at June 30, 2017
 
 
5,133,345
 
$
2.88
 
 
5.30
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at June 30, 2017
 
 
3,997,594
 
$
2.96
 
 
4.26
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Vested and Expected to Vest at June 30, 2017
 
 
5,133,345
 
$
2.88
 
 
5.30
 
$
-
 
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:
 
 
 
Six Months Ended
 
 
 
June 30,
 
 
 
2017
 
2016
 
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
June 30,
 
Six months ended
June 30,
 
 
 
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Direct operating costs
 
$
57
 
$
74
 
$
149
 
$
164
 
Selling and administrative expenses
 
 
132
 
 
169
 
 
328
 
 
358
 
Total stock-based compensation
 
$
189
 
$
243
 
$
477
 
$
522