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

Annual report pursuant to Section 13 and 15(d)

Note 8 - Equity (Tables)

Note 8 - Equity (Tables)

12 Months Ended

Dec. 31, 2016

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

	Years Ended December 31,
	2016			2015
Expected volatility	42%	-	45%	44%	-	50%
Expected dividends		None			None
Expected term (years)		7		5.5	-	7
Risk-free rate	1.19%	-	1.68%	1.54%	-	2.01%
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, 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
Granted at market price		660,000			3.22
Exercised		(37,824	)		1.88
Cancelled		(146,560	)		4.34
Outstanding at December 31, 2016		953,075		$	3.66	$	1.86		6.9
Exercisable at December 31, 2016		347,272		$	4.07	$	2.38		3.9

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

Restricted Stock Awards	Shares
Outstanding at December 31, 2014		662,375
Restricted stock awards granted		8,000
Awards forfeited or exercised		-
Granted at December 31, 2015		670,375
Awards vested		(331,087	)
Outstanding at December 31, 2015		339,288
Awards granted		86,415
Awards vested		(162,440	)
Awards forfeited		(170,848	)
Outstanding at December 31, 2016		92,415

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

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	$	-

Granted		-		-		-		-

Outstanding at December 31, 2016		90,000	$	8.13		1.9	$	-

Exercisable at December 31, 2016		90,000	$	8.13		1.9	$	-

- 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