Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Capital Stock

v3.19.1
Note 7 - Capital Stock
 3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
7
.
Capital stock
 
 
Common shares
 
Issued and outstanding:
 
The issued and outstanding number of common shares included in shareholders’ equity consisted of the following:
 
   
Number

of shares
    
$
 
                 
Balance at December 30, 2018
    
23,189,381
     $
458
  
RSU’s vested and issued in common shares
    
164,177
      
2
  
Balance as March 31, 2019
    
23,353,558
     $
460
  
 
 
Stock Options
 
For more detailed information regarding the Company’s stock option arrangements, see Note
6
of the consolidated financial statements within the Company’s Form
10
-K for the fiscal period ended
December 30, 2018.
During the
three
month period ended
March 31, 2019,
there were
no
stock options granted, exercised or forfeited. A summary of stock option activity for the
three
month period ended
March 31, 2019
is as follows:
 
 
   
Number

of options
    
Weighted
average
exercise
price
    
Aggregate
intrinsic
value
    
Weighted
average
remaining
contractual
term (years)
  
Outstanding at December 30, 2018
    
1,719,824
     $
1.55
      
1,998
      
8.6
  
                                 
Options granted
    
—
      
—
      
 
      
 
  
Options exercised
    
—
      
—
      
 
      
 
  
Options forfeited
    
—
      
—
      
 
      
 
  
Outstanding at March 31, 2019
    
1,719,824
      
1.55
      
2,516
      
8.1
  
Exercisable at March 31, 2019
    
1,101,090
      
1.54
      
2,464
      
7.9
  
 
During the
three
month periods ended
March 31, 2019
and
April 1, 2018,
the Company recorded stock-based compensation expense related to stock options and a corresponding increase in additional paid-in capital of
$22
and
$25,
respectively.
 
Certain stock options outstanding have market conditions such that the awards are vested and exercisable only if the Company’s stock exceeds specified targets during the vesting period. If the market conditions are
not
met, the stock options will
not
vest and will expire.
 
Restricted Stock Units
 
For more detailed information regarding the Company’s Restricted Stock Units (“RSU”) arrangements, see Note
6
of the consolidated financial statements within the Company’s Form
10
-K for the fiscal period ended
December 30, 2018.
There were
no
RSUs granted during the
three
months ended
March 31, 2019.
A summary of the RSU activity for the
three
month period ended
March 31, 2019
is as follows:
  
   
Outstanding
RSU
    
Weighted
average
stock
price
    
Weighted
average
remaining
contractual
term (years)
  
Outstanding balance at December 30, 2018
    
357,377
     $
0.96
      
1.21
  
RSU granted
    
—
      
—
      
—
  
RSU vested and issued in common shares
    
(164,177
)
   $
(0.32
)
    
—
  
RSU forfeited
    
—
     $
—
      
—
  
Outstanding balance at March 31, 2019
    
193,200
     $
1.51
      
1.15
  
  
Certain RSUs outstanding have a market condition such that the awards are vested and issuable only if the market price of the Company’s stock meets or exceeds a specified target during the vesting period. If the market condition is
not
met, the RSUs will
not
vest and will be forfeited.
 
Stock based compensation recognized during the
three
month period ended
March 31, 2019
and
April 1, 2018
related to the restricted stock units was
$66
and
$101.