Note 6 - Share-Based Compensation

6 Months Ended

Jun. 30, 2015

Notes to Financial Statements

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

Note 6 – Share-Based Compensation

During the three and six months ended June 30, 2015 and 2014, the Company did not issue stock awards. 

During the six months ended June 30, 2014, 7,000 shares were exercised for proceeds in the amount of $350. The Company recognized stock-based compensation expense for stock options of $37 and $2,850 for the three months ended June 30, 2015 and 2014, respectively. The Company recognized stock-based compensation expense for stock options of $74 and $5,680 for the six months ended June 30, 2015 and 2014, respectively. The intrinsic value of the options as of June 30, 2015 is $3,080.

As of June 30, 2015 and 2014, there were 103,000 restricted stock awards outstanding.  The Company recognized stock-based compensation expense for restricted stock of $644 and $1,018 for the three months ended June 30, 2015 and 2014, respectively. The Company recognized stock-based compensation expense for restricted stock of $1,288 and $2,036 for the six months ended June 30, 2015 and 2014, respectively.  

As of June 30, 2015, there was $3,376 of unrecognized stock-based compensation expense related to all outstanding equity awards that will be recognized in a future periods.