Annual report pursuant to Section 13 and 15(d)

Note 12 - Stock-Based Compensation (Tables)

v3.6.0.2
Note 12 - Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Restricted Stock Units Activity

The activity of restricted stock awards granted to employees, executives and Board members was as follows:

 

    Unvested Restricted Stock Awards
   

Number of

Shares

   

Weighted Average

Grant Date Fair

Value

Unvested balance – December 31, 2014     2,631,987     $ 11.67
Granted     299,828       4.25
Vested     (1,805,816 )     10.54
Cancelled     (100,000 )     4.29
Unvested balance – December 31, 2015     1,025,999       12.34
Granted     572,154       2.39
Vested     (843,643 )     9.94
Cancelled     (260,000 )     13.00
Forfeited     (116,085 )     8.65
Unvested balance – December 31, 2016     378,425       3.45
Black-Sholes assumptions

The table below sets forth the assumptions used in valuing such options.

 

For the Year Ended 

December 31, 2016

 
Expected term of options 6.5 years  
Expected volatility-range used 118.4%-131.0%  
Expected volatility-weighted average 125.7%  
Risk-free interest rate-range used 1.27%-1.71%
Schedule of Stock Option Activity

 

  Options Pursuant to the 2015 Plan     Weighted Average Exercise Price Per Share     Weighted Average Fair Value of Options Granted During the Year     Weighted Average Remaining Contractual Life (Years)       Aggregate Intrinsic Value
Issued and outstanding as of December 31, 2015   $   $         $
Granted 331,584     2.10     1.88              
Exercised                      
Forfeited                      
Issued and outstanding as of December 31, 2016 331,584     2.10     1.88     9.48      
Exercisable as of December 31, 2016 72,114   $ 1.89     1.72     9.15