Stock Award Programs (Tables)

3 Months Ended

Mar. 31, 2017

Stock Options and Award Programs [Abstract]

Nonvested Restricted Stock Shares Activity [Table Text Block]

A summary of RSA activity as of March 31, 2017 and 2016, and changes during three month periods ended March 31, 2017 and 2016 are set forth below:

  

	2017		2016
NON-VESTED AWARDS	(Unaudited)
Non-vested awards outstanding, January 1,		250,000		500,000
Granted (+)		300,000		-
Vested (-)		125,000		250,000
Non-vested awards outstanding, March 31,		425,000		250,000
Weighted-average remaining contractual life (in years)		2.8		1.7
Unamortized RSA compensation expense	$	243,188	$	72,619
Aggregate intrinsic value of RSAs non-vested, March 31	$	191,250	$	150,000
Aggregate intrinsic value of RSAs vested during the quarter	$	108,750	$	185,000

Schedule Of Share-Based Compensation, Stock Options, Activity [Table Text Block]

A summary of stock option activity as of March 31, 2017 and 2016, and changes during three month periods ended March 31, 2017 and 2016 are set forth below:

	2017				2016
			Weighted				Weighted
			Average				Average
			Grant Date				Grant Date
NON-VESTED AWARDS	Shares		Fair Value		Shares		Fair Value
	(Unaudited)
Non-vested balances, January 1,		920,000	$	0.59		841,672	$	0.80
Granted (+)		600,000	$	0.48		50,000	$	0.39
Cancelled (-)		60,000	$	0.68		-	$	-
Vested (-)		-				439,172	$	0.65
Non-vested balances, March 31,		1,460,000	$	0.54		452,500	$	0.90

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]

	2017				2016
			Weighted				Weighted
			Average				Average
OUTSTANDING AND EXERCISABLE AWARDS	Shares		Exercise Price		Shares		Exercise Price
	(Unaudited)
Awards outstanding, January 1,		2,090,668	$	0.86		1,857,668	$	0.91
Granted (+)		600,000	$	0.82		50,000	$	0.68
Cancelled (-)		70,000	$	0.79		292,000	$	0.74
Exercised (-)		30,000	$	0.57		-	$	-
Awards outstanding, March 31,		2,590,668	$	0.85		1,615,668	$	0.94
Awards vested and expected to vest, March 31,		2,392,908	$	0.85		1,608,449	$	0.94
Awards outstanding and exercisable, March 31,		1,130,668	$	0.82		1,163,168	$	0.77

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The following table sets forth the composition of stock compensation expense included in general and administrative expense for the periods then ended:

	THREE MONTHS ENDED
	MARCH 31,
	2017		2016
	(Unaudited)
Restricted stock compensation expense	$	22,054	$	21,786
Non-qualified stock compensation expense		62,963		66,093
Total share-based compensation before taxes	$	85,017	$	87,879