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7. Stock Options and Equity Compensation Plan
9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Options and Equity Compensation Plan

 

For the three and nine month periods ended September 30, 2016, the Company recorded stock-based employee compensation expense of $45,000 and $130,000, respectively, as compared to $29,000 and $104,000 for the same three and nine month periods of 2015, respectively.  This compensation expense is included in “selling, general and administrative expenses” in the accompanying consolidated statements of operations.

 

The Company granted 49,000 and 6,000 stock options during the nine month periods ended September 30, 2016 and 2015, respectively.

 

As of September 30, 2016, there was approximately $180,000 of compensation expense related to non-vested awards.  This expense is expected to be recognized over a weighted average period of approximately one year.