10. Share-Based Employee Compensation (Tables)

12 Months Ended

Dec. 31, 2018

Share-based Employee Compensation

Schedule of risk free interest rates

	FY 2018			FY 2017
Expected Volatility		51.9	%		53.6	%
Expected Dividends		2.0	%		5.0	%
Expected Term (in years)		6.5			3.0-6.5
Risk-Free Rate		2.76	%		2.10	%
Estimated Forfeitures		0.0	%		0.0	%

Schedule of stock option activity

	Stock		Wgt. Avg. Exercise Price ($)		Wgt. Avg. Remaining Contractual		Wgt Avg. Grant Date Fair Value ($)		Aggregate Intrinsic
As of January 1, 2018	Options		Per Share		Life (Years)		Per Share		Value ($)
Outstanding		354,500		4.46		—		1.79		—
Vested		113,000		3.75		—		2.23		—
Nonvested		241,500		4.80		—		1.58		—
Period activity
Issued		130,000		3.72		—		1.62		—
Exercised		—		—		—		—		—
Forfeited		24,000		5.10		—		1.37		—
Expired		—		—		—		—		—
As of December 31, 2018
Outstanding		460,500		4.22		7.08		1.76		43,860
Vested		156,900		4.03		3.87		2.05		39,860
Nonvested		303,600		4.32		8.73		1.61		4,000

Schedule of outstanding options by exercise price range

Range of Exercise Prices ($) Per Share		Stock Options Outstanding		Wgt. Avg. Exercise Price ($) Per Share		Wgt. Avg. Remaining Contractual Life (Years)
	1.89-3.75		156,000		3.47		8.41
	3.83-5.10		304,500		4.60		6.39
			460,500		4.22		7.08

Schedule of exercisable options by exercise price range

Range of Exercise Prices ($) Per Share	Stock Options Exercisable		Wgt. Avg. Exercise Price ($) Per Share
1.89-3.75		26,000		2.22
3.83-5.10		130,900		4.39
		156,900		4.03