Stock Options and Equity Compensation Plan

3 Months Ended

Mar. 31, 2015

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

Stock Options and Equity Compensation Plan

Note 7. Stock Options and Equity Compensation Plan

For the three month periods ended March 31, 2015 and 2014, the Company recorded stock-based employee compensation expense of $30,000 and $23,000, respectively.  This compensation expense is included in the selling, general and administrative expenses in the accompanying condensed consolidated statements of operations.

No options were granted during the three month periods ended March 31, 2015 and 2014.

As of March 31, 2015, there was approximately $344,000 of compensation expense related to non-vested awards.  This expense is expected to be recognized over a weighted average period of 2.43 years.

As most options issued under the Company’s 2000 Incentive Stock Option Plan are incentive stock options, the Company does not receive any excess tax benefits relating to the compensation expense recognized on vested options.