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Stock Options (Tables)
9 Months Ended
Sep. 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:
 
 
 
 
 
 
 
Weighted-Average 
 
 
 
 
 
 
 
Weighted - 
 
Remaining
 
Aggregate
 
 
 
Number of
 
Average Exercise
 
Contractual Term
 
Intrinsic
 
 
 
Options
 
Price
 
(years)
 
Value
 
Outstanding at January 1, 2017
 
 
5,169,169
 
$
2.88
 
 
 
 
 
 
 
Granted
 
 
40,000
 
 
1.50
 
 
 
 
 
 
 
Exercised
 
 
-
 
 
-
 
 
 
 
 
 
 
Forfeited/Expired
 
 
(75,237)
 
 
2.93
 
 
 
 
 
 
 
Outstanding at September 30, 2017
 
 
5,133,932
 
$
2.87
 
 
5.08
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at September 30, 2017
 
 
4,116,869
 
$
2.95
 
 
4.18
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Vested and Expected to Vest at September 30, 2017
 
 
5,133,932
 
$
2.87
 
 
5.08
 
$
-
 
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,
 
 
 
2017
 
 
2016
 
Weighted average fair value of options granted
 
$
0.72
 
 
$
1.08
 
 
 
 
 
 
 
 
 
 
Risk-free interest rate
 
 
1.91
%
 
 
1.26% - 1.49
%
Expected life (years)
 
 
6
 
 
 
5-6
 
Expected volatility factor
 
 
49.62
%
 
 
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,
 
 
 
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
 
 
 
Direct operating costs
 
$
55
 
$
81
 
$
204
 
$
245
 
Selling and administrative expenses
 
 
130
 
 
126
 
 
458
 
 
484
 
Total stock-based compensation
 
$
185
 
$
207
 
$
662
 
$
729