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Stock Options and Award Programs | 3 Months Ended
--- | ---
Mar. 31, 2015
Stock Options and Award Programs [Abstract] |
Disclosure Of Compensation Related Costs, Share-Based Payments [Text Block] |
11. | Stock Options and Award Programs
The Company’s stock incentive plan is administered by the Compensation Committee and authorizes the grant or award of incentive stock options, non-qualified stock options, restricted stock awards, stock appreciation rights, dividend equivalent rights, performance unit awards and phantom shares. The Company issues new shares of common stock upon the exercise of stock options. Any shares associated with forfeited awards are added back to the number of shares to be granted under the stock incentive plan. The Company has issued restricted stock awards and non-qualified stock option awards as described below. Restricted Stock Awards On November 18, 2010, the Company’s Compensation Committee granted Steve L. Komar and James T. McCubbin each an award of 250,000 shares of restricted stock of the Company, the vesting of which is based upon the earlier to occur of (a) the seventh anniversary date of the grant, or (b) an acceleration event as determined on the date of grant by the Compensation Committee and set forth in the award agreement with respect to such grant. There were no changes in vesting requirements or activity related to restricted stock awards (RSA) during the three month period ended March 31, 2015. At March 31, 2015, the Company had approximately $229,500 of total unamortized RSA compensation expense. Stock Option Awards The Company did not grant any stock options during the three month period ended March 31, 2015. Stock option awards reflected in the tables below cover the period from 1999 through March 31, 2015. A summary of stock option and RSA activity as of March 31, 2015, and changes during three month period ended March 31, 2015 is set forth below:
|  | Restricted Stock |  | Stock Options |
|  |  |  |  | Weighted |  |  |  |  | Weighted |
|  |  |  |  | Average |  |  |  |  | Average |
NON-VESTED AWARDS |  | Shares |  | Exercise Price |  | Shares |  | Exercise Price |
|  | (Unaudited) |
Non-vested balances, January 1, 2015 |  |  | 205,952 |  | $ | 1.22 |  |  | 1,340,838 |  | $ | 0.57 |
Cancelled |  |  | - |  |  | - |  |  | (250,000) |  | $ | 0.39 |
Vested |  |  | (17,857) |  | $ | 1.22 |  |  | (416,666) |  | $ | 0.27 |
Non-vested balances, March 31, 2015 |  |  | 188,095 |  | $ | 1.22 |  |  | 674,172 |  | $ | 0.83 |
|  | Restricted Stock |  | Stock Options |
|  |  |  |  | Weighted |  |  |  |  | Weighted |
|  |  |  |  | Average |  |  |  |  | Average |
OUTSTANDING AND EXERCISABLE AWARDS |  | Shares |  | Exercise Price |  | Shares |  | Exercise Price |
|  | (Unaudited) |
Awards outstanding, January 1, 2015 |  |  | 294,048 |  | $ | 1.22 |  |  | 2,791,601 |  | $ | 0.83 |
Canceled |  |  | - |  |  | - |  |  | (250,000) |  | $ | 0.74 |
Exercised |  |  | - |  |  | - |  |  | (217,160) |  | $ | 0.58 |
Vested |  |  | 17,857 |  | $ | 1.22 |  |  | - |  |  | - |
Awards outstanding, March 31, 2015 |  |  | 311,905 |  | $ | 1.22 |  |  | 2,324,441 |  | $ | 0.86 |
Awards vested and expected to vest, |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2015 |  |  | 311,905 |  | $ | 1.22 |  |  | 2,324,441 |  | $ | 0.86 |
Awards outstanding and exercisable, |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2015 |  |  | - |  |  | - |  |  | 1,650,269 |  | $ | 0.76 |
A summary of stock option and RSA activity as of March 31, 2014, and changes during three month period ended March 31, 2014 is set forth below:
|  | Restricted Stock |  | Stock Options |
|  |  |  |  | Weighted |  |  |  |  | Weighted |
|  |  |  |  | Average |  |  |  |  | Average |
NON-VESTED AWARDS |  | Shares |  | Exercise Price |  | Shares |  | Exercise Price |
|  | (Unaudited) |
Non-vested balances, January 1, 2004 |  |  | 277,381 |  | $ | 1.22 |  |  | 1,900,000 |  | $ | 0.37 |
Cancelled |  |  | - |  |  | - |  |  | 50,000 |  | $ | 0.59 |
Vested |  |  | (17,857) |  | $ | 1.22 |  |  | (422,912) |  | $ | 0.25 |
Non-vested balances, March 31, 2014 |  |  | 259,524 |  | $ | 1.22 |  |  | 1,527,088 |  | $ | 0.41 |
|  | Restricted Stock |  | Stock Options |
|  |  |  |  | Weighted |  |  |  |  | Weighted |
|  |  |  |  | Average |  |  |  |  | Average |
OUTSTANDING AND EXERCISABLE AWARDS |  | Shares |  | Exercise Price |  | Shares |  | Exercise Price |
|  | (Unaudited) |
Awards outstanding, January 1, 2004 |  |  | 222,619 |  | $ | 1.22 |  |  | 3,336,500 |  | $ | 0.72 |
Granted |  |  | - |  |  | - |  |  | 50,000 |  | $ | 1.48 |
Vested |  |  | 17,857 |  | $ | 1.22 |  |  | - |  |  | - |
Awards outstanding, March 31, 2014 |  |  | 240,476 |  | $ | 1.22 |  |  | 3,386,500 |  | $ | 0.73 |
Awards vested and expected to vest, |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2014 |  |  | 240,476 |  | $ | 1.22 |  |  | 3,386,500 |  | $ | 0.73 |
Awards outstanding and exercisable, |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2014 |  |  | - |  |  | - |  |  | 1,859,412 |  | $ | 0.71 |
The weighted-average remaining contractual life and the aggregate intrinsic value (the amount by which the fair value of the Company’s stock exceeds the exercise price of the option) of the stock options outstanding, exercisable, and vested and expected to vest as of March 31, 2015 are as follows:
|  |  |  |  | Vested and |  | Outstanding |
|  |  |  |  | Expected to |  | and |
|  | Outstanding |  | Vest |  | Exercisable |
|  |  |  |  |  | (Unaudited) |  |  |  |
Weighted-average remaining contractual life (in years) |  |  | 3.3 |  |  | 3.3 |  |  | 2.7 |
Aggregate intrinsic value |  | $ | 1,115,978 |  | $ | 1,115,978 |  | $ | 952,185 |
Aggregate intrinsic value represents total pretax intrinsic value (the difference between WidePoint’s closing stock price on March 31, 2015 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on March 31, 2015. The intrinsic value will change based on the fair market value of WidePoint’s stock. The total intrinsic value of options exercised were approximately $178,200 during the three months ended March 31, 2015. There were no exercises of options during the three months ended March 31, 2014. Share-based compensation (including restricted stock awards) represents both stock options based expense and stock grant expense. For the three month periods ended March 31, 2015 and 2014, the Company recognized share-based compensation expense of approximately $37,500 and $82,700, respectively. During the three month period ended March 31, 2015, there were stock options of 250,000 that expired unexercised that were cancelled as a result of employment terminations. At March 31, 2015, the Company had approximately $336,900 of total unamortized compensation expense, net of estimated forfeitures, related to stock option plans that will be recognized over the weighted average remaining period of 2.0 years.

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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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