XML 37 R25.htm IDEA: XBRL DOCUMENT v3.3.1.900
Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2015
Shareholders' Equity  
Summary of Stock-Based Compensation Expense

 

Year ended December 31

 

2015

 

2014

 

Cost of sales

 

$

34,000 

 

$

6,000 

 

Selling

 

69,000 

 

87,000 

 

Marketing

 

15,000 

 

12,000 

 

General and administrative

 

235,000 

 

298,000 

 

 

 

 

 

 

 

 

 

$

353,000 

 

$

403,000 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Weighted Average Assumptions

 

 

 

2015

 

2014

 

Stock Options:

 

 

 

 

 

Expected life (years)

 

3.4 

 

3.6 

 

Expected volatility

 

45 

%

50 

%

Dividend yield

 

%

%

Risk-free interest rate

 

1.2 

%

1.0 

%

 

 

 

2015

 

2014

 

Stock Purchase Plan Options:

 

 

 

 

 

Expected life (years)

 

1.0 

 

1.0 

 

Expected volatility

 

37 

%

50 

%

Dividend yield

 

%

%

Risk-free interest rate

 

0.3 

%

0.1 

%

 

Summary of Activity Under Stock Option Plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plan Shares
Available
for Grant

 

Plan Options
Outstanding

 

Weighted
Average
Exercise
Price Per
Share

 

Aggregate
Intrinsic Value

 

Balance at December 31, 2013

 

95,968

 

1,251,442

 

$

2.72

 

 

 

Shares reserved

 

650,000

 

 

 

 

 

 

Stock awards granted

 

(29,701

)

 

 

 

 

 

Restricted stock units granted

 

(25,000

)

 

 

 

 

 

Stock options granted

 

(426,000

)

426,000

 

3.02

 

 

 

Stock options exercised

 

 

(155,407

)

1.94

 

$

217,694

 

Cancelled or forfeited - 2013 Plan

 

42,500

 

(42,500

)

3.03

 

 

 

Cancelled of forfeited - 2003 Plan

 

 

(224,458

)

2.95

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2014

 

307,767

 

1,255,077

 

2.86

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares reserved

 

200,000

 

 

 

 

 

 

Stock awards granted

 

(37,233

)

 

 

 

 

 

Restricted stock units granted

 

(99,000

)

 

 

 

 

 

Stock options granted

 

(200,000

)

200,000

 

2.82

 

 

 

Stock options exercised

 

 

(113,837

)

1.90

 

$

105,012

 

Cancelled or forfeited - 2013 Plan

 

279,000

 

(279,000

)

2.87

 

 

 

Cancelled or forfeited - 2013 Plan restricted stock units

 

27,000

 

 

2.89

 

 

 

Cancelled of forfeited - 2003 Plan

 

 

(167,079

)

4.13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2015

 

477,534

 

895,161

 

2.73

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule Of The Number Of Options Exercisable

 

December 31, 2015

 

653,840

 

 

 

December 31, 2014

 

710,598

 

Summary Of Information About Stock Options Outstanding

 

 

 

Options Outstanding

 

Options Exercisable

 

Ranges of
Exercise Prices

 

Number
Outstanding

 

Weighted Average
Remaining
Contractual Life

 

Weighted
Average
Exercise Price
Per Share

 

Number
Exercisable

 

Weighted
Average
Exercise Price
Per Share

 

$1.61 - $2.46

 

363,997 

 

6.57 years

 

$

1.78 

 

352,331 

 

$

1.76 

 

$2.79 - $4.22

 

480,164 

 

7.73 years

 

3.16 

 

250,509 

 

3.35 

 

$5.49

 

51,000 

 

4.41 years

 

5.49 

 

51,000 

 

5.49 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

895,161 

 

7.06 years

 

$

2.73 

 

653,840 

 

$

2.66 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Restricted stock unit transactions

 

 

 

 

 

 

 

 

 

 

Number of Shares

 

Weighted average
grant date fair value

 

Unvested shares at January 1, 2014

 

 

$

 

Granted

 

25,000

 

3.03

 

Vested

 

 

 

Forfeited or surrendered

 

 

 

 

 

 

 

 

 

Unvested shares at December 31, 2014

 

25,000

 

$

3.03

 

Granted

 

99,000

 

2.71

 

Vested

 

(8,334

)

3.03

 

Forfeited or surrendered

 

(27,000

)

2.89

 

 

 

 

 

 

 

Unvested shares at December 31, 2015

 

88,666

 

2.72