Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Capital Stock

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Note 6 - Capital Stock
 3 Months Ended
Apr. 01, 2018
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
6.
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 31, 2017
    
16,992,627
     $
396
  
Share issuance
    
99,746
      
1
  
Balance as April 1, 2018
    
17,092,373
     $
397
  
  
 
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 31, 2017.
During the
three
month period ended
April 1, 2018,
335,929
stock options were granted. A summary of stock option activity for the
three
month period ended
April 1, 2018
is as follows:
 
   
Number

of options
    
Weighted
average
exercise
price
    
Aggregate
intrinsic
value
    
Weighted
average
remaining
contractual
term (years)
  
Outstanding at December 31, 2017
    
1,870,753
     $
1.39
      
61
      
8.6
  
                                 
Options granted
    
335,929
     $
2.07
      
 
      
 
  
Options forfeited
    
(316,180
)
   $
1.25
      
 
      
 
  
Outstanding at April 1, 2018
    
1,890,502
     $
1.54
     $
1,381
      
8.2
  
Exercisable at April 1, 2018
    
624,689
     $
1.59
     $
425
      
6.0
  
 
During the
three
month periods ended
April 1, 2018
and
April 2, 2017,
the Company recorded stock-based compensation expense related to stock options and a corresponding increase in additional paid-in capital of $ 
25
and
$12,
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 31, 2017.
There were
no
RSUs granted during the
three
months ended
April 1, 2018.
A summary of the RSU activity for the
three
month period ended
April 1, 2018
is as follows:
  
   
Outstanding
RSU
    
Weighted
average
stock
price
    
Weighted
average
remaining
contractual
term (years)
  
Outstanding balance at December 31, 2017
    
576,023
     $
1.13
      
1.84
  
RSU vested and issued in common shares
    
(99,746
)
   $
1.40
      
 
  
RSU forfeited
    
(25,376
)
   $
1.33
      
 
  
Outstanding balance at April 1, 2018
    
450,901
     $
0.93
      
1.49
  
  
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
April 1, 2018
and
April 2, 2017
related to the restricted stock units was
$101
and
$191.