XML 39 R47.htm IDEA: XBRL DOCUMENT v3.2.0.727
Note 9 - Stock-Based Compensation (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2015
Dec. 31, 2014
Notes Tables    
Schedule of Share-based Compensation, Activity [Table Text Block]
   
Number of Shares
   
Weighted Average
Exercise Price
 
Outstanding at December 31, 2014
    1,183,100     $ 3.50  
Granted
    26,400       0.15  
Exercised
    --       --  
Forfeited or expired
    (32,000 )     0.94  
Outstanding at June 30, 2015
    1,177,500     $ 3.49  
Exercisable at June 30, 2015
    756,094     $ 5.25  
   
Number
of Shares
   
Weighted-
Average
Exercise
Price
   
Weighted-
Average
Remaining
Contractual
Term (yrs)
   
Aggregate
Intrinsic
Value
 
Outstanding at December 31, 2013
    1,197,044     $ 3.79                  
Granted
    217,500       0.17                  
Exercised
    -       -                  
Forfeited or expired
    (231,444 )     1.89                  
Outstanding at December 31, 2014
    1,183,100     $ 3.50       6.6     $ -0-  
Exercisable at December 31, 2014
    785,594     $ 5.09       5.2     $ -0-  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]  
   
2014
   
2013
   
2012
 
Weighted average fair value of options granted
  $ 0.14     $ 0.43     $ 0.59  
Intrinsic value of options exercised
    -0-       -0-       -0-  
Total fair value of options vested
    97,707       165,490       319,920  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]  
   
2014
   
2013
   
2012
 
Weighted average risk-free interest rates
    1.98 %     2.3 %     1.1 %
Expected dividend yield
    0.0 %     0.0 %     0.0 %
Expected life of option (years)
    7.0       7.0       6.7  
Expected volatility
    94.88 %     96.60 %     105.2 %
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]  
   
2014
   
2013
   
2012
 
General and administrative expense
  $ 69,057     $ 101,896     $ 231,936  
Research and development expense
    32,134       41,539       78,140  
Total stock option expense
  $ 101,191     $ 143,435     $ 310,076