XML 57 R23.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 7 - Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Note 7 - Shareholders Equity    
Option assumptions

   Years Ended December 31,
   2014  2013
Risk-free interest rate   1.10%   0.78%
Volatility factor   50.70%   61.94%
Dividends   0.00%   0.00%
Weighted average expected life (years)   4.15    4.06 
Forfeiture rate   13.8%   12.33%

 

 
Stock option activity

Year Ended December 31, 2014
   Number
of Shares
  Weighted Average Exercise Price
Per Share
  Weighted Average Remaining Contractual
Term
  Aggregate Intrinsic Value
Shares under option – January 1   2,131,622   $6.99           
Options granted   252,500    3.94           
Options exercised   (3,067)   3.67           
Options forfeited or expired   (324,933)   6.77           
Shares under option – December 31   2,056,122   $6.66    3.80   $—   
Vested and expected to vest -                    
    December 31   1,957,633   $5.33    3.70   $—   
                     
Options exercisable – December 31   1,296,619   $5.63    3.02   $—   

 

Year Ended December 31, 2013
   Number
of Shares
  Weighted Average Exercise Price
Per Share
Shares under option – January 1   2,211,488   $7.47 
Options granted   228,000    3.60 
Options exercised   (3,000)   3.91 
Options forfeited or expired   (304,866)   7.94 
Shares under option – December 31   2,131,622   $6.99 
           
Options exercisable – December 31   1,107,116   $6.32 

 

Options - range of exercise prices

 

   Option outstanding  Options exercisable
Range of Exercise Prices  Number of Outstanding Options – December 31, 2014  Weighted-Average Remaining Contractual Life  Weighted- Average Exercise Price  Number of Options Exercisable at December 31, 2014  Weighted- Average Exercise Price
 $3.22 - $3.99    654,700    4.64   $3.79    296,863   $3.74 
 $4.00 - $4.99    417,750    3.45   $4.44    416,084    4.44 
 $5.00 - $9.99    488,600    3.00   $6.44    488,600    6.44 
 $10.00 - $15.00    495,072    3.78   $12.52    95,072    12.62 
                            
 $3.22 - $15.00    2,056,122    3.80   $6.66    1,296,619   $5.63