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Note 10 - Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Note 10 - Shareholders Equity    
Components of stock-based compensation expense

 

   2015  2014
Stock options  $489   $614 
Restricted stock grants:          
   Employee   82    29 
   President and CEO   —      150 
Board of Directors compensation –          
   stock grant   —      210 
     Total  $571   $1,003 

 

 
Option assumptions

   Years Ended December 31,
   2015  2014
Risk-free interest rate   0.72%   1.10%
Volatility factor   48.54%   50.70%
Dividends   0.00%   0.00%
Weighted average expected life (years)   4.15    4.15 
Forfeiture rate   13.8%   13.8%

 

 
Stock option activity

The following tables summarize data for the stock options issued by us:

 

Year Ended December 31, 2015
  

Number

of Shares

 

Weighted Average Exercise Price

Per Share

 

Weighted Average Remaining Contractual

Term

  Aggregate Intrinsic Value
Shares under option – January 1   2,056,122   $6.66           
Options granted   411,250    4.68           
Options exercised   (137,937)   3.90           
Options forfeited or expired   (71,466)   11.86           
Shares under option – December 31   2,257,969   $6.30    3.57   $3,094 
Vested and expected to vest -                    
    December 31   2,093,294   $6.45    3.39   $2,731 
                     
Options exercisable – December 31   1,255,736   $5.22    2.44   $1,786 

 

Year Ended December 31, 2014
  

Number

of Shares

 

Weighted Average Exercise Price

Per Share

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 
           
Options exercisable – December 31   1,296,619   $5.63 

 

Options - range of exercise prices

 

   Option outstanding  Options exercisable
Range of Exercise Prices  Number of Outstanding Options – December 31, 2015  Weighted-Average Remaining Contractual Life  Weighted- Average Exercise Price  Number of Options Exercisable at December 31, 2015  Weighted- Average Exercise Price
 $3.22-$3.99    817,064    4.64   $3.78    348,581   $3.76 
 $4.00-$4.99    427,500    2.79   $4.47    393,750    4.44 
 $5.00-$9.99    581,833    2.84   $6.60    481,833    6.45 
 $10.00-$15.00    431,572    3.30   $12.48    31,572    12.18 
                            
 $3.22-$15.00    2,257,969    3.57   $6.30    1,255,736   $5.22