Annual report pursuant to Section 13 and 15(d)

Note 8 - Equity (Tables)

v3.3.1.900
Note 8 - Equity (Tables)
12 Months Ended
Dec. 31, 2015
Warrant [Member]  
Notes Tables  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
    December 31,
    2015   2014
Volatility     -       33 %
Risk-free interest rate     -       0.78 %
Contractual term (years)     -       4.0  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
    Years Ended December 31,
    2015   2014
Expected volatility   44% - 50%   43% - 46%
Expected dividends     None       None  
Expected term (years)   5.5 - 7   5.5 - 7.5
Risk-free rate   1.54% to 2.01%   0.07% - 2.05%
Forfeiture rate     20%       None  
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     321,895       2.04                  
Exercised     -       -                  
Cancelled     (7,120 )     1.20                  
Outstanding at December 31, 2014     314,775     $ 2.23     $ 0.92       9.2  
Granted at market price     240,160       8.16                  
Exercised     (445 )     1.20                  
Cancelled     (77,031 )     7.88                  
Outstanding at December 31, 2015     477,459     $ 4.30     $ 2.01       8.7  
Exercisable at December 31, 2015     178,856     $ 3.08     $ 1.36       8.2  
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]
Restricted Stock Awards   Shares
Outstanding at December 31, 2013     -  
Restricted stock awards granted     662,375  
Awards forfeited or exercised     -  
Outstanding at December 31, 2014     662,375  
Restricted stock awards granted     8,000  
Awards forfeited or exercised     -  
Outstanding  at December 31, 2015     670,375  
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, 2014     90,000     $ 8.13       3.9       -  
                                 
Granted     -       -       -       -  
                                 
Outstanding at December 31, 2015     90,000     $ 8.13       2.9     $ -  
                                 
Exercisable at December 31, 2015     90,000     $ 8.13       2.9     $ -