Note 6 - Stock-based Compensation

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

Note

6

– Stock-Based Compensation

During

2017,

the Company issued

60,000

shares of restricted stock with a weighted average fair value of

$0.46

per share. As of

June 30, 2017,

there was

$26,375

of unrecognized stock-based compensation expense related to the restricted stock issued during

2017,

which will be recognized in future periods. During the

six

months ended

June 30, 2017,

62,000

options were exercised for proceeds amounting to

$11,350.

The intrinsic value of the options as of

June 30, 2017

is

$63,250.

During the

three

and

six

months ended

June 30, 2017

and

2016,

the Company recognized stock-based compensation expense of

$3,572

and

$636

and

$6,211

and

$1,250,

respectively.