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Employee Share-Based Compensation (Tables)
12 Months Ended
Jan. 03, 2015
Employee Share-based Compensation Tables  
Weighted average assumptions of stock options granted
Year Ended December   2014     2013  
Expected Volatility     74.63 %     32.75 %
Expected dividends     0.00 %     0.00 %
Expected term   5.76 years     6.0 years  
Risk-free rate     1.86 %     1.51 %
Historical volatility and the average daily trading volume of the Company’s common stock

 

Period   Volatility    

Average Daily

Trading Volume

 
6/20/2008 ~ 4/19/2010     402 %     11,455  
4/20/2010 ~ 1/2/2015     77 %     155,111  

 

 

Service Period Based Stock Options
          Weighted Average        
                Remaining     Aggregate  
    Number of     Exercise     Contractual     Intrinsic  
    Shares     Price     Term     Value  
Outstanding at December 28, 2013     12,113,655     $ 1.06       7.43        
                               
Options Granted     2,233,987       1.39       10.00        
Options Classification from Employee to Non-Employee     (113,151 )     0.76                
Options Exercised     (534,715 )     0.87                
Options Expired     (253,900 )     1.00                
Options Forfeited     (722,275 )     1.13                
Outstanding at January 3, 2015     12,723,601     $ 1.13       7.00     $ 581,050  
                                 
Exercisable at January 3, 2015     9,362,374     $ 1.13       6.40     $ 455,570  
Performance Based Stock Options
          Weighted Average        
                Remaining     Aggregate  
    Number of     Exercise     Contractual     Intrinsic  
    Shares     Price     Term     Value  
Outstanding at December 28, 2013     200,000     $ 0.63       9.08        
                               
Options Granted     -       -                
Options Exercised     -       -                
Options Expired     -       -                
Options Forfeited     -       -                
Outstanding at January 3, 2015     200,000     $ 0.63       8.08     $ 54,000  
                                 
Exercisable at January 3, 2015     95,833     $ 0.63       8.08     $ 25,875  
Restricted stock awards granted to employees
          Weighted Average  
          Award-Date  
    Shares     Fair Value  
Unvested shares at December 28, 2013     500,000     $ 0.69  
                 
Granted     1,090,000       1.41  
Vested     -       -  
Forfeited     -       -  
Unvested shares at January 3, 2015     1,590,000     $ 1.18  
                 
Expected to Vest as of January 3, 2015     1,590,000     $ 1.18