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Note 10 - Stock Compensation Plans | 12 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Share-based Payment Arrangement [Text Block] | (10) STOCK COMPENSATION PLANS Restricted Stock Units (RSUs) The table below shows the number of RSUs available for issuance at December 31, 2020:
Total authorized RSUs in Plan approved by shareholders |  |  | 4,850,000 |
Stock issued out of the Plan from vested grants |  |  | (3,091,049 | )
Non-vested grants |  |  | (324,250 | )
RSUs available for future issuance |  |  | 1,434,701 |
Non-vested grants at December 31, 2018 |  |  | 789,250 |
Granted – weighted average share price on grant date was $3.98 |  |  | 17,000 |
Vested – weighted average share price on vesting date was $2.95 |  |  | (297,250 | )
Forfeited |  |  | (20,500 | )
Non-vested grants at December 31, 2019 |  |  | 488,500 |
Granted – weighted average share price on grant date was $.90 |  |  | 40,000 |
Vested – weighted average share price on vesting date was $.92 |  |  | (193,250 | )
Forfeited |  |  | (11,000 | )
Non-vested grants at December 31, 2020 |  |  | 324,250 |
RSU Vesting Schedule
Vesting Year |  | RSUs Vesting |
2021 |  |  | 305,250 |
2022 |  |  | 9,000 |
2023 |  |  | 10,000 |
|  |  | 324,250 |
Vested shares had a value of $0.2 million for 2020, and $0.9 million for 2019, on their vesting dates. Under our RSU plan, participants are allowed to relinquish shares to pay for their required statutory income taxes. The outstanding RSUs have a value of $0.5 million based on the March 4, 2021 closing stock price of $1.63. For the years ended December 31, 2020 and 2019 stock-based compensation was $1.2 million and $1.8 million, respectively. For 2021, based on existing RSUs outstanding, stock-based compensation expense is estimated to be $1.1 million, with nominal amounts of expense in 2022 and 2023. Stock Options We have no stock options outstanding. Stock Bonus Plan Our stock bonus plan was authorized in late 2009 with 250,000 shares. Currently, we have 86,383 shares available for future issuance.

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