Stock-based compensation

3 Months Ended

Mar. 31, 2016

Stock-based compensation [Abstract]

Stock-based compensation

Note 12

Stock-based compensation:

At March 31, 2016, the Company had 2,614,600 options outstanding with a weighted-average exercise price of $1.51. 1,664,600 options are vested and exercisable.

Stock-based compensation expense, primarily included in general and administration, for the three months ended March 31, 2016 and 2015 was $170 and $230, respectively. As of March 31, 2016 there was $488 in unrecognized compensation expense, which will be recognized over a weighted average period of 1.15 years.