NOTE 9 - SHARE-BASED COMPENSATION

3 Months Ended

Mar. 31, 2017

Share-based Compensation [Abstract]

NOTE 9 - 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 and 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, 2017 and 2016, respectively, was as follows:

	Three Months Ended
	Mar. 31, 2017			Mar. 31, 2016
(in thousands)
Cost of goods sold	$	2		$	2
Research and development		25			18
Selling, general and administrative		70			75
Total share-based compensation	$	97		$	95
Impact on net earnings (loss) per share:
Basic and diluted	($	0.01	)	($	0.01	)

Equity awards granted during the three months ended March 31, 2017 and 2016 respectively were as follows:

	Three Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Restricted Stock		12,000	10,000

There were no stock option awards granted during both the three months ended March 31, 2017 and 2016.

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 March 31, 2017 are:

	Mar. 31, 2017
Unamortized future equity compensation expense (in thousands)	$	1,036
Remaining weighted average amortization period (in years)		2.34