Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Stock-Based Compensation (Tables)

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Note 10 - Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Restricted Stock Units Activity

The Company’s stock-based compensation for the three months ended March 31, 2017 and 2016 consist primarily of restricted stock awards. 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, 2016       378,425     $ 3.45  
  Granted       350,000       1.96  
  Vested       (58,255 )     2.99  
  Cancelled       —         —    
  Unvested balance – March 31, 2017       670,170       2.71  

 

 

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 131.0%  
Risk-free interest rate 1.71%  
Expected dividend yield 0.0%