NOTE 9 - SHARE-BASED COMPENSATION

6 Months Ended

Jun. 30, 2017

Share-based Compensation [Abstract]

NOTE 9 - SHARE-BASED COMPENSATION

For share-based awards granted, we have recognized compensation expense based on the estimated grant date fair value method. For these awards we have recognized compensation expense using a straight-line amortization method reduced for estimated forfeitures.

The impact on our results of operations of recording share-based compensation, net of forfeitures, for the three and six months ended June 30, 2017 and 2016, respectively, was as follows:

	Three Months Ended						Six Months Ended
	Jun. 30, 2017			Jun. 30, 2016			Jun. 30, 2017			Jun. 30, 2016
(in thousands)
Cost of goods sold	$	8		$	6		$	10		$	8
Research and development		63			41			88			60
Selling, general and administrative		199			158			269			232
Total share-based compensation	$	270		$	205		$	367		$	300
Impact on net earnings (loss) per share:
Basic and diluted	($	0.03	)	($	0.03	)	($	0.05	)	($	0.04	)

Equity awards granted during the three and six months ended June 30, 2017 and 2016 were as follows:

	Three Months Ended		Six Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Restricted Stock	223,600	212,100	235,600	222,100

There were no stock option awards issued during the three and six months ended June 30, 2017 and 2016.

Non-employee directors Restricted Stock Units (“RSU’s”) vest over one year, employee RSU’s vest over four years with the expense being recognized over the vesting period.

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 June 30, 2017 are:

	Jun. 30, 2017
Unamortized future equity compensation expense (in thousands)	$	2,392
Remaining weighted average amortization period (in years)		3.29