Note 11 - Stock Compensation Plans

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Share-based Payment Arrangement [Text Block]

1 1 .   Stock Compensation Plan s

On

April 

4,

2002,

our shareholders and Board of Directors adopted the

2002

Equity Incentive Plan (

“2002

Plan”). The

2002

Plan provided for the grant of stock options to officers, employees, consultants and directors of the Company and its subsidiaries. A total of

10,000,000

shares of our common stock were available to be granted under the

2002

Plan. The

2002

Plan expired by its terms in

April 2012,

and remains in effect only with respect to the equity awards that have been granted prior to its expiration. As of

March 31, 2019

and

December 31, 2018,

there were

169,000

and

169,000

options, respectively, outstanding under the

2002

Plan.

On

June 28, 2012,

the Company adopted the

2012

Equity Incentive Plan (

“2012

Plan”), with the approval of the shareholders, which provides for the grant of stock options to officers, employees, consultants and directors of the Company and its subsidiaries. The

2012

Plan provides for the granting to employees of incentive stock options within the meaning of Section

422

of the Internal Revenue Code of

1986,

as amended, and for the granting to employees and consultants of non-statutory stock options. In addition, the Plan permits the granting of stock appreciation rights, or SARs, with or independently of options, as well as stock bonuses and rights to purchase restricted stock. A total of

30,000,000

shares of the Company’s common stock

may

be granted under the

2012

Plan, and all options granted under the

2012

Plan had exercise prices that were equal to the fair market value on the date of grant. During the

three

months ended

March 31, 2019,

the Company granted

no

options to purchase shares of common stock. Under this plan, the Company had outstanding grants of options to purchase

10,455,665

and

11,755,503

shares of the Company’s common stock as of

March 31, 2019

and

December 31, 2018,

respectively.

On

January 27, 2015,

the Company adopted its

2015

Equity Incentive Plan (

“2015

Plan”), which provided for the grant of stock options to officers, employees, consultants, and directors of the Company and its subsidiaries. A total of

40,000,000

shares of the Company’s common stock are available for issuance under the

2015

Plan. All options granted under the

2015

Plan had exercise prices that were equal to the fair market value on the dates of grant. During the

three

months ended

March 31, 2019,

the Company granted

no

options to purchase shares of common stock. Under this plan, the Company had outstanding grants of options to purchase

16,906,667

and

16,906,667

shares of the Company’s common stock as of

March 31, 2019

and

December 31, 2018,

respectively.

Stock based compensation expense attributable to these plans was

$182

and

$281

for the

three

months ended

March 31, 2019

and

2018,

respectively.

In connection with the separation of former executives and directors, the Company has modified previously granted equity awards to allow for the acceleration of vesting of equity awards, and the extension of the timing to exercise vested awards, following the respective separation dates. The Company incurred incremental stock-based compensation expense of

$0

and

$56

during the

three

months ended

March 31, 2019

and

2018,

respectively.