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Note 8 - Stock Incentive Plan
 6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
8.
Stock Incentive Plan
 
A summary of the status of the Company’s unvested shares as of
January 1, 2017,
and changes during the
six
month period ended
June 30, 2017,
are presented below:
 
Unvested Shares   Shares   Weighted-Average
Grant-Date Fair Value
Unvested on January 1, 2017    
116,280
      
2.08
  
Granted    
-
      
-
  
Vested    
-
      
-
  
Forfeited    
(4,036
 )    
2.78
  
Unvested on June 30, 2017    
112,244
      
2.05
  
 
As of
June 30, 2017,
there was
$67,757
of total unrecognized compensation cost related to unvested share-based compensation arrangements granted. That cost is expected to be recognized over a weighted-average period of
0.82
years. The share based compensation recognized relating to the unvested shares was
$74,706
for the
six
month periods ended
June 30, 2017 (
June 30, 2016:
$140,131
) and is included in general and administrative expenses.