NOTE 10 - SHARE-BASED COMPENSATION

3 Months Ended

Mar. 31, 2016

Share-based Compensation [Abstract]

NOTE 10 - SHARE-BASED COMPENSATION

For share-based awards granted, we have recognized compensation expense based on the estimated grant date fair value method.  For these awards we have recognized compensation expense using a straight-line amortization method reduced for estimated forfeitures.  

The impact on our results of operations of recording share-based compensation, net of forfeitures, for the three months ended March 31, 2016 and 2015, respectively, was as follows:

	Three Months Ended
	Mar. 31, 2016			Mar. 31, 2015
(in thousands)
Cost of goods sold	$	2		$	2
Research and development		18			19
Selling, general and administrative		75			69
Total share-based compensation	$	95		$	90
Impact on net earnings (loss) per share:
Basic and diluted	($	0.01	)	($	0.01	)

There were no stock option awards issued during the three months ended March 31, 2016 and 2015.

Non-employee directors Restricted Stock Units (“RSU’s”) vest over one year, employee RSU’s vest over four years with the expense being recognized over the vesting period.  There were 10,000 and 0 RSU’s awarded during the three months ended March 31, 2016 and 2015, respectively.

The remaining unamortized expected future equity compensation expense and remaining amortization period associated with unvested option grants, restricted stock awards and restricted stock unit awards at March 31, 2016 are:

	Mar. 31, 2016
(in thousands unless specified)
Unamortized future equity compensation expense	$	957
Remaining weighted average amortization period in years		2.45