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Stock-based Compensation | 12 Months Ended
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Dec. 31, 2014
Stock-based Compensation [Text Block] | Note 15 – Stock-Based Compensation Stock- Based Compensation Plans At December 31, 2014, the Company had three stock-based compensation plans, which are described below. All share amounts disclosed below reflect the effect of the 1 -for- 20 reverse stock split which was approved by the stockholders on November 26, 2003. 2003 Stock Option and Appreciation Rights Plan In November 2003, the stockholders of the Company approved the 2003 Stock Option and Appreciation Rights Plan (the “2003 Plan”) which provided for the issuance of incentive stock options, non-qualified stock options and SARs up to an aggregate of 2,000,000 shares of common stock (subject to adjustment in the event of stock dividends, stock splits, and other similar events). The plan had a ten-year term, and therefore after 2013 no options have been issued. The price at which shares of common stock covered by the option can be purchased was determined by the Company’s Board or a committee thereof; however, in the case of incentive stock options the exercise price was never less than the fair market value of the Company’s common stock on the date the option was granted.
|  | 2014 |  |  | 2013 |
Options outstanding, beginning of year |  | 1,275,000 |  |  | 1,565,000 |
Options granted |  | — |  |  | 200,000 |
Options exercised |  | — |  |  | (30,000 | )
Options forfeited |  | (17,500 | ) |  | (280,000 | )
Options expired |  | (47,500 | ) |  | (180,000 | )
Options outstanding, end of year |  | 1,210,000 |  |  | 1,275,000 |
The outstanding options vest over four years at exercise prices ranging from $0.08 to $2.00 per share. No SARs were issued under the 2003 Plan. 2010 Non-Qualified Stock Option Plan In the fourth quarter of 2010, the Company’s Board approved the 2010 Non-Qualified Stock Option Plan (the “2010 Plan”) to induce certain key employees of the Company or any of its subsidiaries who are in a position to contribute materially to the Company’s prosperity to remain with the Company, to offer such persons incentives and rewards in recognition of their contributions to the Company’s progress, and to encourage such persons to continue to promote the best interests of the Company. The Company reserved 1,250,000 shares of common stock (subject to adjustment under certain circumstances) for issuance or transfer upon exercise of options granted under the 2010 Plan. Options may be issued under the 2010 Plan to any key employees or consultants selected by the Company’s Board (or a committee appointed by the Board). Options may not be granted with an exercise price less than the fair market value of the common stock of the Company as of the day of the grant. Options granted pursuant to the plan are subject to limitations on transfer and execution and may be issued subject to vesting conditions. Options may also be forfeited in certain circumstances. During 2014, 50,000 options were granted to the Company’s independent directors and 50,000 options were granted to an officer of the Company.
|  | 2014 |  |  | 2013 |
Options outstanding, beginning of year |  | — |  |  | 1,250,000 |
Options granted |  | 100,000 |  |  | — |
Options forfeited |  | — |  |  | (1,250,000 | )
Options outstanding, end of year |  | 100,000 |  |  | — |
Equity Partners Stock Option Plan In the second quarter of 2011, the Company’s Board approved the Equity Partners Stock Option Plan (the “Equity Partners Plan”) to allow the Company to issue options to purchase common stock as a portion of the purchase price of Equity Partners. The Company reserved 230,000 shares of common stock for issuance upon exercise of options granted under the Equity Partners Plan. During 2011, 230,000 options with an exercise price of $1.83, vesting immediately, were granted under the Equity Partners Plan.
|  | 2014 |  |  | 2013 |
Options outstanding, beginning of year |  | 230,000 |  |  | 230,000 |
Options granted |  | — |  |  | — |
Options forfeited |  | — |  |  | — |
Options outstanding, end of year |  | 230,000 |  |  | 230,000 |
Other Options Issued In the first quarter of 2012, the Company’s Board approved the issuance of options as part of the acquisition of HGP, and reserved 625,000 shares of common stock for issuance upon option exercise. The options have an exercise price of $2.00, and vest over four years, beginning on the first anniversary of the grant date. Unlike other options issued by the Company under its stock option plans, the options issued as part of the HGP acquisition survive termination of employment. None of the option holders have terminated their employment with the Company.
|  | 2014 |  |  | 2013 |
Options outstanding, beginning of year |  | 625,000 |  |  | 625,000 |
Options granted |  | — |  |  | — |
Options forfeited |  | — |  |  | — |
Options outstanding, end of year |  | 625,000 |  |  | 625,000 |
Stock-Based Compensation Expense Total compensation cost related to stock options in 2014 and 2013 was $484 and $532, respectively. These amounts were recorded in selling, general and administrative expense in both years. During 2014, no options were exercised and therefore no tax benefit was recognized. During 2013, a tax benefit of $3 was recognized in connection with the exercise of 30,000 options. During 2013, the Company received $10 of cash in connection with the exercise of options. Option holders are not entitled to receive dividends or dividend equivalents. During 2014, the Company granted a total of 100,000 options. Of these, 50,000 were issued to an officer of the Company, and 50,000 were issued to the Company’s independent directors in accordance with their standard compensation. During 2013, the Company granted a total of 200,000 options. Of these, 150,000 were issued to an officer of the Company, and 50,000 were issued to the Company’s independent directors. The fair value of each option grant was estimated on the date of the grant using the Black-Scholes option pricing model with the following assumptions:
| 2014 | 2013
Risk-free interest rate | 0.69% - 0.88% | 0.39% - 0.40%
Expected life (years) | 4.75 | 4.75
Expected volatility | 100% | 124% - 125%
Expected dividend yield | Zero | Zero
Expected forfeitures | Zero | Zero
The risk-free interest rates are those for U.S. Treasury constant maturities, for terms matching the expected term of the option. The expected life of the options is calculated according to the simplified method for estimating the expected term of the options, based on the vesting period and contractual term of each option grant. Expected volatility is based on the Company’s historical volatility. The Company has never paid a dividend on its common stock and therefore the expected dividend yield is zero. The following summarizes the changes in common stock options for the years ended December 31, 2014 and 2013:
|  | 2014 |  |  | 2013 |
|  |  |  |  | Weighted |  |  |  |  |  | Weighted |
|  |  |  |  | Average |  |  |  |  |  | Average |
|  |  |  |  | Exercise |  |  |  |  |  | Exercise |
|  | Options |  |  | Price |  |  | Options |  |  | Price |
Outstanding at beginning of year |  | 2,130,000 |  | $ | 1.75 |  |  | 3,898,198 |  | $ | 1.75 |
Granted |  | 100,000 |  | $ | 0.70 |  |  | 200,000 |  | $ | 1.00 |
Exercised |  | — |  |  | N/A |  |  | (30,000 | ) | $ | 0.51 |
Expired |  | (47,500 | ) | $ | 1.18 |  |  | (408,198 | ) | $ | 0.85 |
Forfeited |  | (17,500 | ) | $ | 2.00 |  |  | (1,530,000 | ) | $ | 1.91 |
Outstanding at end of year |  | 2,165,000 |  | $ | 1.71 |  |  | 2,130,000 |  | $ | 1.75 |
Options exercisable at year end |  | 1,330,000 |  | $ | 1.75 |  |  | 930,000 |  | $ | 1.69 |
Weighted-average fair value of options granted during the year |  |  |  | $ | 0.36 |  |  |  |  | $ | 0.76 |
As of December 31, 2014, the total unrecognized stock-based compensation expense related to unvested stock options was $359, which is expected to be recognized over a weighted-average period of twenty months. The following summarizes the changes in unvested common stock options for the years ending December 31, 2014 and 2013:
|  |  |  |  | Weighted |
|  |  |  |  | Average |
|  |  |  |  | Grant Date |
|  | Options |  |  | Fair Value |
Unvested at December 31, 2013 |  | 1,200,000 |  | $ | 1.67 |
Granted |  | 100,000 |  | $ | 0.36 |
Vested |  | (447,500 | ) | $ | 1.73 |
Forfeited |  | (17,500 | ) | $ | 1.73 |
Unvested at December 31, 2014 |  | 835,000 |  | $ | 1.48 |
|  |  |  |  | Weighted |
|  |  |  |  | Average |
|  |  |  |  | Grant Date |
|  | Options |  |  | Fair Value |
Unvested at December 31, 2012 |  | 2,600,000 |  | $ | 1.23 |
Granted |  | 200,000 |  | $ | 0.76 |
Vested |  | (790,000 | ) | $ | 1.16 |
Forfeited |  | (810,000 | ) | $ | 0.53 |
Unvested at December 31, 2013 |  | 1,200,000 |  | $ | 1.67 |
The total fair value of options vesting during the years ending December 31, 2014 and 2013 was $773 and $914, respectively. The unvested options have no associated performance conditions. In general, the Company’s employee turnover is low, and the Company expects that the majority of the unvested options will vest according to the standard four-year timetable. The following table summarizes information about all stock options outstanding at December 31, 2014:
|  |  |  |  | Weighted |  |  | Weighted |  |  |  |  |  | Weighted |  |  | Weighted |
|  |  |  |  | Average |  |  | Average |  |  |  |  |  | Average |  |  | Average |
|  | Options |  |  | Remaining |  |  | Exercise |  |  | Number |  |  | Remaining |  |  | Exercise |
Exercise price |  | Outstanding |  |  | Life (years) |  |  | Price |  |  | Exercisable |  |  | Life (years) |  |  | Price |
$0.08 to $0.15 |  | 80,000 |  |  | 1.75 |  | $ | 0.12 |  |  | 80,000 |  |  | 1.75 |  | $ | 0.12 |
$0.69 to $1.00 |  | 380,000 |  |  | 4.77 |  | $ | 0.93 |  |  | 120,000 |  |  | 3.07 |  | $ | 0.95 |
$1.83 to $2.00 |  | 1,705,000 |  |  | 3.83 |  | $ | 1.97 |  |  | 1,130,000 |  |  | 3.74 |  | $ | 1.95 |
|  | 2,165,000 |  |  | 3.92 |  | $ | 1.71 |  |  | 1,330,000 |  |  | 3.56 |  | $ | 1.75 |
At December 31, 2014 and 2013, the aggregate intrinsic value of exercisable options was $16 and $42, respectively. The intrinsic value of options exercised during 2013 was $3. There were no options exercised during 2014.

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- 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 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
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