NOTE 10 - SHARE-BASED COMPENSATION

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2016 and 2015, respectively, was as follows:

	Three Months Ended						Six Months Ended
	Jun. 30, 2016			Jun. 30, 2015			Jun. 30, 2016			Jun. 30, 2015
(in thousands)
Cost of goods sold	$	6		$	6		$	8		$	8
Research and development		41			22			60			41
Selling, general and administrative		158			120			232			189
Total share-based compensation	$	205		$	148		$	300		$	238
Impact on net earnings per share:
Basic and diluted	($	0.03	)	($	0.02	)	($	0.04	)	($	0.03	)

Equity awards granted during the three and six months ended June 30, 2016 and 2015 were as follows:

	Three Months Ended				Six Months Ended
	Jun. 30, 2016		Jun. 30, 2015		Jun. 30, 2016		Jun. 30, 2015
Restricted Stock		212,100		193,800		222,100		193,800

There were no stock option awards issued during the three and six months ended June 30, 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.

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 June 30, 2016 are:

	Jun. 30, 2016
(in thousands unless specified)
Unamortized future equity compensation expense	$	1,303
Remaining weighted average amortization period in years		2.85