Stock-Based Compensation

6 Months Ended

Jun. 30, 2015

10.	Stock-Based Compensation

The Company recognizes compensation expense for all equity-based compensation awards issued to employees, directors and non-employees that are expected to vest. Compensation cost is based on the fair value of awards as of the grant date. The Company recognized $137,000 and $161,000 of stock-based compensation expense for the three months ended June 30, 2015 and 2014, respectively, under the fair value method and recognized $271,000 and $339,000 of stock-based compensation expense for the six months ended June 30, 2015 and 2014, respectively. The Company granted 0 and 50,000 stock options for the three and six months ended June 30, 2015, respectively. The fair value of the options granted for the six months ended June 30, 2015 was $40,000. The Company granted 0 and 60,000 stock options for the three and six months ended June 30, 2014, respectively. The fair value of the granted options at the grant date was $56,000.