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Note 10 - Stock Option Plan (Tables)
12 Months Ended
Dec. 31, 2017
Tables/Schedules  
Schedule of Stock Option Plan Activity

A summary of activity follows (shares in thousands):

 

 

 

 

 

 

 

 

 

 

2017

 

2016

 

 

 

Weighted-

 

 

 

Weighted-

 

 

 

Average

 

 

 

Average

 

Number

 

Exercise

 

Number

 

Exercise

 

of Shares

 

Price

 

of Shares

 

Price

 

 

 

 

 

 

 

 

Outstanding as of beginning of the year

1,625   

 

$ 0.88   

 

1,470   

 

$ 1.53   

Granted

141   

 

1.39   

 

512   

 

0.90   

Exercised

-   

 

-   

 

(175)  

 

0.40   

Forfeited or expired

(156)  

 

3.61   

 

(182)  

 

6.59   

Outstanding as of end of the year

1,610   

 

0.66   

 

1,625   

 

0.88   

 

 

 

 

 

 

 

 

Exercisable as of end of the year

1,089   

 

0.51   

 

1,056   

 

0.95   

Schedule of Stock Options Valuation Assumptions

The fair value of each option grant is estimated on the date of the grant using the Black-Scholes option-pricing model with the following weighted-average assumptions used for the grants made in 2017 and 2016:

 

 

2017

 

2016

Expected life (in years)

3.5

 

3.5

Risk free interest rate

1.47%

 

1.04%

Expected volatility

175%

 

229%