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NOTE 10 - SHARE-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2014

Note 10 - Share-Based Compensation Tables

Impact on operations of recording share-based compensation

The impact on our results of operations of recording share-based compensation, net of forfeitures, for the three and nine months ended September 30, 2014 and 2013, respectively, was as follows:

		Three Months Ended				Nine Months Ended
		Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
(in thousands)
Cost of goods sold		$2		$11		$4		$35
Research and development		20		15		60		63
Selling, general and administrative		68		76		237		210
Total share-based compensation		$90		$102		$301		$308

Impact on net earnings per share:
Basic and diluted		($0.01)		($0.01)		($0.04)		($0.04)

Equity awards during the three and nine months ended September 30, 2014 and 2013 were as follows:

		Three Months Ended				Nine Months Ended
		Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013

Restricted Stock		-		-		188,900		180,400
Stock Options		-		100,000		3,000		133,000

Fair value of share-based awards for employee stock options

The fair value of share-based awards for employee stock options was estimated using the Black-Scholes valuation model. The following weighted average assumptions were used to calculate the fair value of stock options granted during the three and nine months ended September 30, 2014 and 2013:

		Three Months Ended				Nine Months Ended
		Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013

Risk-free interest rates		-		1.01%		1.31%		0.92%
Volatility factors		-		0.54		0.51		0.54
Expected life of the option in years		-		4.00		4.00		4.00
Expected dividend yield		-		None		None		None

Unvested options grants and restricted stock awards

The remaining unamortized expected future equity compensation expense and remaining amortization period associated with unvested option grants, restricted stock awards and restricted stock unit awards at September 30, 2014 are:

		Sep. 30, 2014
Unamortized future equity compensation expense		$994,487
Remaining weighted average amortization period in years		2.77

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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