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Note 7 - Stock-Based Compensation
6 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

7. Stock-Based Compensation


The following table summarizes the stock-based compensation expense, net of amounts capitalized, we recorded in our Unaudited Condensed Consolidated Statements of Operations for the three and six-month periods ended June 30, 2015 and 2014, respectively, by classification:


   

Three Months Ended June 30,

   

Six Months Ended June 30,

 

Statement of Operations Classification

 

2015

   

2014

   

2015

   

2014

 

Costs of revenue

  $ 2,000     $ 3,700     $ 5,000     $ 3,100  

Selling and marketing expense

    29,500       21,000       58,800       26,900  

General and administrative expense

    130,500       109,200       298,600       246,400  

Research and development expense

    28,100       26,600       50,000       53,800  
    $ 190,100     $ 160,500     $ 412,400     $ 330,200  

The following table presents summaries of the status and activity of our stock option awards for the three-month period ended June 30, 2015.


   

Number of Shares

   

Weighted Average Exercise Price

   

Weighted Average Remaining Contractual Terms (Years)

   

Aggregate Intrinsic Value

 

Outstanding – March 31, 2015

    10,210,499     $ 0.18                  

Granted

                           

Exercised

    (12,500 )     0.06                  

Forfeited or expired

    (476,818 )     0.22                  

Outstanding – June 30, 2015

    9,721,181     $ 0.18       7.17     $ 32,200  

The following table presents summaries of the status and activity of our stock option awards for the six-month period ended June 30, 2015.


   

Number of Shares

   

Weighted Average Exercise Price

   

Weighted Average Remaining Contractual Terms (Years)

   

Aggregate Intrinsic Value

 

Outstanding – December 31, 2014

    10,287,999     $ 0.18                  

Granted

                           

Exercised

    (90,000 )     0.05                  

Forfeited or expired

    (476,818 )     0.22                  

Outstanding – June 30, 2015

    9,721,181     $ 0.18       7.17     $ 32,200  

Of the options outstanding as of June 30, 2015, 6,757,047 were vested, 2,928,793 were estimated to vest in future periods and 35,341 were estimated to be forfeited prior to their vesting. As of June 30, 2015, there was approximately $244,200 of total unrecognized compensation cost, net of estimated forfeitures, related to unvested stock options. Such cost is expected to be recognized over a weighted-average period of approximately nine months.


All options are exercisable immediately upon grant. Options vest ratably, generally over a 33-month period commencing in the fourth month after the grant date. We have the right to repurchase common stock issued upon the exercise of an option upon an optionee’s termination of service to us prior to full vesting at the option’s exercise price.


The following table presents summaries of the status and activity of our restricted stock awards for the three-month period ended June 30, 2015. We include the common stock underlying the restricted stock award in shares outstanding once such common stock has vested and the restriction has been removed (“releases” or “released”). The common stock vests ratably, generally over a 33-month period commencing in the fourth month after the award date.


   

Number of Shares

   

Weighted Average Grant Date Fair Value

   

Weighted Average Remaining Recognition Period (Years)

   

Unrecognized Compensation Cost Remaining

 

Unreleased – March 31, 2015

    4,022,184     $ 0.17                  

Awarded

                           

Released

    (517,834 )     0.19                  

Forfeited

    (59,970 )     0.17                  

Unreleased – June 30, 2015

    3,444,380     $ 0.17       2.10     $ 498,100  

The following table presents summaries of the status and activity of our restricted stock awards for the six-month period ended June 30, 2015.


   

Number of Shares

   

Weighted Average Grant Date Fair Value

   

Weighted Average Remaining Recognition Period (Years)

   

Unrecognized Compensation Cost Remaining

 

Unreleased – December 31, 2014

    4,314,983     $ 0.18                  

Awarded

    225,000       0.16                  

Released

    (955,412 )     0.19                  

Forfeited

    (140,191 )     0.17                  

Unreleased – June 30, 2015

    3,444,380     $ 0.17       2.10     $ 498,100  

As of June 30, 2015, there was approximately $498,100 of total unrecognized compensation cost, net of estimated forfeitures, related to unreleased restricted stock awards. That cost is expected to be recognized over a weighted-average period of approximately twenty-four months.