Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Equity (Tables)

v3.4.0.3
Note 7 - Equity (Tables)
3 Months Ended
Mar. 31, 2016
Notes Tables  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
    Three Months Ended March 31,
    2016   2015
Expected volatility   44% to 45%     47%  
Expected dividends     None       None  
Expected term (years)     7       6.25  
Risk-free rate   1.50% to 1.68%   1.45% to 1.74%
Forfeiture rate     20%       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, 2015     477,459     $ 4.30     $ 2.01       8.7  
Granted at market price     295,000       4.09                  
Exercised     (1,334 )     1.20                  
Cancelled     (2,500 )     7.81                  
Outstanding at March 31, 2016     768,625     $ 4.21     $ 1.98       9.1  
Exercisable at March 31, 2016     196,046     $ 2.85     $ 1.26       8.1  
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]
Restricted Stock Awards   Shares
Outstanding  at December 31, 2015     670,375  
Restricted stock awards granted     -  
Awards forfeited or exercised     -  
Outstanding  at March 31, 2016     670,375