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Note 4 - Stock-based Compensation
 9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
4.
STOCK-BASED COMPENSATI
ON
 
We have a restricted stock plan that was adopted by our Board of Directors in
January 2013
and approved by our stockholders in
June 2013.
The plan reserves up to
300,000
shares of our common stock for restricted stock awards to our executive officers, non-employee directors and other key employees. Awards granted under the plan
may
be stock awards or performance awards, and
may
be subject to a graded vesting schedule with a minimum vesting period of
four
years, unless otherwise determined by the committee that administers the plan.
 
The fair value of restricted stock grants is based on the market value of our common stock on the date of grant. Compensation costs for these awards is recognized on a straight-line basis over the
four
-year vesting period.
 
A summary of the activity for non-vested restricted common stock awards as of
September 30, 2018
and
2017
is presented below:
 
   
 
Shares
    
Award
Fair Value
  
Balance, January 1, 2018
    
36,801
     $
8.03
  
Granted
    
-
      
-
  
Forfeited
    
-
      
-
  
Vested
    
(16,648
 )    
8.22
  
Unvested Balance, September 30, 2018
    
20,153
     $
7.69
  
                 
Balance, January 1, 2017
    
62,046
     $
8.24
  
Granted
    
9,005
      
8.05
  
Forfeited
    
(5,403
 )    
8.05
  
Vested
    
(28,847
 )    
7.84
  
Unvested Balance, September 30, 2017
    
36,801
     $
7.93
  
 
As of
September 30, 2018,
there was unrecognized compensation cost related to non-vested restricted stock awards of
$97,906
which will be recognized in each of the following years as follows:
 
2018
   $
23,719
  
2019
    
58,125
  
2020
    
14,853
  
2021
    
1,209