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7. Stock Options and Equity Compensation Plan
9 Months Ended
Sep. 30, 2017
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, 2017, the Company recorded stock-based employee compensation expense of $6,000 and $115,000, respectively, as compared to $45,000 and $130,000 for the same three and nine month periods of 2016, respectively.  This compensation expense is included in “selling, general and administrative expenses” in the accompanying consolidated statements of operations.

 

The Company granted approximately 6,000 and 49,000 stock options during the nine month periods ended September 30, 2017 and 2016, respectively.

 

As of September 30, 2017, there was approximately $72,000 of compensation expense related to non-vested awards.  This expense is expected to be recognized over a weighted average period of 0.87 years.