Stockholders' Equity

6 Months Ended

Jun. 30, 2017

Stockholders Equity Note Disclosure [Text Block]

10.

Stockholders’ Equity

Preferred Stock

There were no issuances of preferred stock during the six month periods ended June 30, 2017 and 2016.

Common Stock

The Company is authorized to issue 110,000,000 shares of common stock, $.001 par value per share. As of June 30, 2017, there were 82,946,847 shares of common stock outstanding. The Company issued 102,525 shares of common stock, as a result of the vesting of a portion of Restricted Stock Awards (RSA) during the three month period ended June 30, 2017. There was no vesting of RSAs during the three month period ended June 30, 2016. The Company issued 186,713 and 209,438 shares of common stock, respectively, as a result of the vesting of RSAs during the six month periods ended June 30, 2017 and 2016, respectively. See Note 11 for additional information regarding RSA activity.

There were no shares of common stock issued as a result of stock option exercises during the three month periods ended June 30, 2017 and 2016, respectively. Shares of common stock issued as a result of stock option exercises and realized gross proceeds during the six month period ended June 30, 2017 were 30,000 and $17,100, respectively, from the exercise of such stock options. See Note 11 for additional information regarding the stock incentive plans.