NOTE 9 - SHARE-BASED COMPENSATION

3 Months Ended

Mar. 31, 2018

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, reduced by estimated forfeitures, using a straight-line amortization method.

The impact on our results of operations of recording share-based compensation for the three months ended March 31, 2018 and 2017, respectively, was as follows:

	Three Months Ended
	Mar. 31, 2018	Mar. 31, 2017
(in thousands)
Cost of goods sold	$4	$2
Research and development	42	25
Selling, general and administrative	131	70
Total share-based compensation	$177	$97

Equity awards granted during the three months ended March 31, 2018 and 2017 respectively were as follows:

	Three Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Restricted Stock	1,000	12,000
Stock Options	-	-

There were no stock option awards granted during both the three months ended March 31, 2018 and 2017.

Non-employee directors Restricted Stock Units (“RSU’s”) vest over one year, employee RSU’s vest annually 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 March 31, 2018 are:

	Mar. 31, 2018
Unamortized future equity compensation expense (in thousands)	$2,395
Remaining weighted average amortization period (in years)	2.79