NOTE 9 - SHARE-BASED COMPENSATION

9 Months Ended

Sep. 30, 2018

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 reduced for estimated forfeitures.  

The impact on our results of operations of recording share-based compensation, net of forfeitures, for the three and nine months ended September 30, 2018, and 2017, respectively, was as follows:

	Three Months Ended				Nine Months Ended
	Sep. 30, 2018		Sep. 30, 2017		Sep. 30, 2018		Sep. 30, 2017
(in thousands)
Cost of goods sold	$	4	$	4	$	19	$	14
Research and development		56		39		205		127
Selling, general and administrative		222		130		708		399
Total share-based compensation	$	282	$	173	$	932	$	540

Equity awards granted during the three and nine months ended September 30, 2018, and 2017 were as follows: 

	Three Months Ended				Nine Months Ended
	Sep. 30, 2018		Sep. 30, 2017		Sep. 30, 2018		Sep. 30, 2017
Restricted Stock		1,000		51,000		206,856		286,600
Stock Options		—		25,000		—		25,000

There were no stock option awards granted during the three and nine months ended September 30, 2018.

Non-employee directors Restricted Stock Units (“RSU’s”) vest over one year and options vest over three years and have a six year exercise period.  Employee RSU’s vest over four years and employee Non-Qualified stock options vest quarterly over 4 years and have a six year exercise 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 September 30, 2018, are: 

	Sep. 30, 2018
Unamortized future equity compensation expense (in thousands)	$	3,096
Remaining weighted average amortization period (in years)		2.83