OTHER EQUITY TRANSACTIONS (Tables)

6 Months Ended

Jun. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The following shares issued during 2016 were recorded in expense or prepaid asset using the grant-date fair value of the stock:

Date of  issuance	Type of issuance	Expense/ Prepaid/ Cash	Stock issuance  recipient	Reason for  issuance	Total no.  of shares		Grant date fair value  recorded at issuance (in thousands)
January and April 2016	Vested restricted common stock	Expensed	Five board members	Director compensation		25,530	$	155	(1)
January 2016	Vested restricted common stock	Expensed	Three employees	Approved bonuses		53,847		366	(2)
January and March 2016	Common stock	Expensed	Related party, James McKenzie	Pursuant to royalty agreement		1,396		8
February and April 2016	Common stock	Expensed	Three employees	Cashless stock option exercise		718		—	(3)
Total 2016 issuances						81,491	$	529	(4) (5)

⁽¹⁾ Includes $12 thousand of stock-based expense related to 2015 director fees accrued and expensed in the fourth quarter of 2015.

⁽²⁾ Bonuses were accrued and expensed in the fourth quarter of 2015.

⁽³⁾ The Company received $— for the issuance in the cashless option exercise.

⁽⁴⁾ Does not include $11 thousand of accrued first quarter stock-based royalty expense to be issued to Jim McKenzie in accordance with his royalty agreement, and $15 thousand related to a stock-based bonus accrued for an employee at June 30, 2016.

⁽⁵⁾ Does not include stock expense of $437 thousand included in accrued liabilities at June 30, 2016.