XML 23 R12.htm IDEA: XBRL DOCUMENT v3.8.0.1

Stock-Based Compensation

9 Months Ended

Sep. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation [Text Block]

Note 7 - Stock-Based Compensation

The Company accounts for share-based compensation by measuring the cost of the employee services received in exchange for an award of equity instruments, including grants of stock options, based on the fair value of the award at the date of grant. In addition, to the extent that the Company receives an excess tax benefit upon exercise of an award, such benefit is reflected as cash flow from financing activities in the consolidated statement of cash flows.

Stock-based compensation expense for the three months ended September 30, 2017 and 2016 was $0 and $25,628, respectively, and stock based compensation expense for the nine months ended September 30, 2017 and 2016 was $10,688 and $63,950, respectively, relating to employee and director RSUs, and included in selling, general and administrative expenses in the accompanying consolidated statements of operations.

 

The following table represents our total compensation cost related to nonvested awards not yet recognized at year ended December 31, 2016, and September 30, 2017:

				Number of
				shares			Price of			Unrecognized			Unrecognized
				granted,			stock at			expense at			expense at
Date of grant		Employee		unvested			grant date			December 31, 2016			September 30, 2017
April 27, 2016		Matthew Peakes			150,000		$	0.57		$	85,500			-
		Former CEO and President
January 23, 2014		Nabil Lopez			500		$	2.18			1,090			-
January 23, 2014		Steve Thomas			500		$	2.18			1,090			-
January 23, 2014		Jessica Moore			500		$	2.18			1,090			-
January 23, 2014		Robert Burnside			250		$	2.18			545			545
January 23, 2014		Dave Larson			250		$	2.18			545			-
Total cost unrecognized										$	89,860		$	545

Matthew Peakes had 18,750 RSUs vest on April 27, 2017 due to being employed by the Company on that date. Upon vesting, stock compensation cost was recognized for $10,688 in the second quarter of 2017. He resigned on June 30, 2017 and all remaining RSUs, granted to him, were forfeited. Nabil Lopez, Steve Thomas, Jessica Moore, and Dave Larson are no longer employed by the Company and forfeited their nonvested RSUs. Only 250 nonvested stock awards remain unrecognized as of September 30, 2017.

X

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-URI http://asc.fasb.org/topic&trid=2228938

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-URI http://asc.fasb.org/subtopic&trid=2208855

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration