The Joint Corp. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 10 - Equity (Tables)

Note 10 - Equity (Tables)

12 Months Ended

Dec. 31, 2014

Note 10 - Equity (Tables) [Line Items]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	December 31,
	2014			2013
Expected volatility	43%	-	46%	-
Expected dividends		None		-
Expected term (years)	5.5	-	7.5	-
Risk-free rate	0.07%	-	2.05%	-
Forfeiture rate		20%		-

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

	Number of Shares			Weighted Average Exercise Price		Weighted Average Fair Value		Weighted Average Remaining Contractual Life
Outstanding at December 31, 2013		-		$	-	$	-
Granted at market price		320,115			2.04
Exercised		-			-
Cancelled		(7,120	)		1.20
Outstanding at December 31, 2014		312,995			2.04		0.92		9.2
Exercisable at December 31, 2014		13,072		$	1.20	$	0.57		9.3

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

Restricted Share Awards	Shares
Outstanding at December 31, 2013		-
Restricted stock awards granted		662,375
Awards forfeited or exercised		-
Outstanding at December 31, 2014		662,375
Remaining available to be issued		42,950

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

	Number of Units		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)		Intrinsic Value

Outstanding at December 31, 2013		-	$	-

Granted		90,000		8.13

Outstanding at December 31, 2014		90,000	$	8.13		3.9	$	-

Exercisable at December 31, 2014		-	$	-		-	$	-

Class of Treasury Stock [Table Text Block]

Year 1	$	0.56
Year 2	$	0.68
Year 3	$	0.84
Year 4	$	1.03
Year 5	$	1.28
Year 6	$	1.59
Year 7	$	1.97
Year 8	$	2.45

Fair Value Inputs, Instruments Classified in Shareholders' Equity, Quantitative Information [Table Text Block]

Market value of underlying common stock		$1.20
Term (years)	1	–	8
Strike price	$0.56	–	$2.45
Volatility	27.03%	–	45.64%
Risk-free interest	0.13%	–	2.45%

Warrant [Member]

Note 10 - Equity (Tables) [Line Items]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	December 31,
	2014		2013
Volatility		33%		-
Risk-free interest rate		0.78%		-
Expected term (years)		4.0		-

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details