Stock Options and Equity Compensation Plan

6 Months Ended

Jun. 30, 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 and six month periods ended June 30, 2015, the Company recorded stock-based employee compensation expense of $45,000 and $75,000, respectively, as compared to $47,000 and $70,000 for the same three and six month periods of 2014, respectively. This compensation expense is included in “selling, general and administrative expenses” in the accompanying condensed consolidated statements of operations.

The Company granted 6,000 and 20,500 stock options during the six month periods ended June 30, 2015 and 2014, respectively.

As of June 30, 2015, there was approximately $315,000 of compensation expense related to non-vested awards. This expense is expected to be recognized over a weighted average period of 2.18 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.