EQUITY INCENTIVES (Tables)

12 Months Ended

Dec. 31, 2019

EQUITY INCENTIVES

Assumptions used in the valuation of stock options and stock appreciation rights

For the Year Ended December 31:			2019
Expected Life *		3.5 to 6.0 years			3.5 to 6.0 years
Interest Rate+		0.36% to 1.37%			0.36% to 2.58%
Volatility **+		62.04% to 92.76%			62.04% to 94.60%
Dividend Yields		—			—
Weighted Average Fair Value of Stock Appreciation Rights Granted During the Year	$	—		$	—

*   The expected life is the number of years that the Company estimates, based upon history, that options or SARs will be outstanding prior to exercise or forfeiture.

** The Company’s estimates of expected volatility are principally based on the historic volatility of the Company’s common stock over the most recent period commensurate with the estimated expected life of the Company’s stock options and other relevant factors.

+   The interest rate and volatility used by the Company in calculating stock compensation expense represent the values in effect at the date of grant for all awards.

Schedule Of Share Based Compensation Activity

	SARs			Stock Awards
	Weighted		Number	Weighted
	Average		of Shares	Average
	Strike		Under	Grant		Number of
	Price		Option	Price		Shares
Balance at January 1, 2018	$	3.22	995,983	$	1.44	1,735,553
Awards Granted		—	—		0.39	2,145,000
Awards Exercised or Earned		—	—		0.30	(1,435,000)
Awards Forfeited		1.15	(10,752)		1.46	(44,285)
Awards Expired		2.52	(46,564)		—	—
Balance at December 31, 2018	$	3.19	938,667	$	1.18	2,401,268
Exercisable at December 31, 2018	$	2.14	56,523
	SARs			Stock Awards
	Weighted		Number	Weighted
	Average		of Shares	Average
	Strike		Under	Grant		Number of
	Price		Option	Price		Shares
Balance at January 1, 2019	$	3.19	938,667	$	1.18	2,401,268
Awards Granted		—	—		0.24	135,000
Awards Exercised or Earned		—	—		0.38	(2,115,000)
Awards Forfeited		—	—		—	—
Awards Expired		2.56	(28,830)		—	—
Balance at December 31, 2019	$	3.21	909,837	$	4.90	421,268
Exercisable at December 31, 2019	$	1.69	27,693

Schedule of Nonvested Share Activity

	SARs			Stock Awards
	Weighted		Number	Weighted
	Average		of Shares	Average
	Fair		Under	Fair		Number of
	Value		Option	Value		Shares
Balance at January 1, 2018	$	3.25	892,896	$	1.44	1,735,553
Awards Granted		—	—		0.39	2,145,000
Awards Vested or Earned		—	—		0.30	(1,435,000)
Awards Forfeited		1.15	(10,752)		1.46	(44,285)
Balance at December 31, 2018	$	3.26	882,144	$	1.18	2,401,268
	Weighted		Number	Weighted
	Average		of Shares	Average
	Fair		Under	Fair		Number of
	Value		Option	Value		Shares
Balance at January 1, 2019	$	3.26	882,144	$	1.18	2,401,268
Awards Granted		—	—		0.24	135,000
Awards Vested or Earned		—	—		0.38	(2,115,000)
Awards Forfeited		—	—		—	—
Balance at December 31, 2019	$	3.26	882,144	$	4.90	421,268
Balance at December 31, 2019

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

Summary of Compensation Cost Recognized and
Capitalized related to Equity Incentives for the
Year Ended December 31 (in thousands):	2019		2018
Stock Options*	$	—	$	—
SARs
Performance based		66		67
Vesting over time		—		—
Stock Awards:
Performance based*		(6)		760
Vesting over time		—		—
Board of Directors and Secretary		32		45
Total	$	92	$	871
Included in:
Capitalized as Development		8		134
Expensed		84		737
	$	92	$	871