Annual report pursuant to Section 13 and 15(d)

Note 6 - Stock-based Compensation (Tables)

v3.7.0.1
Note 6 - Stock-based Compensation (Tables)
12 Months Ended
Jan. 01, 2017
Notes Tables  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
 
 
Total
Outstanding
options
 
 
Weighted
average
exercise
price
 
 
Aggregate
intrinsic
value
 
 
Weighted
average
remaining
contractual
term (years)
 
Outstanding balance at December 29, 2013
   
435,000
    $
2.50
     
 
     
 
 
Options granted
   
498,879
    $
1.80
     
 
     
 
 
Options expired
   
    $
     
 
     
 
 
Options exercised
   
(116,667
)
  $
2.48
     
 
     
 
 
Outstanding balance at December 28, 2014
   
817,212
    $
2.07
     
 
     
 
 
Options granted
   
    $
     
 
     
 
 
Options forfeited
   
(95,431
)
  $
2.03
     
 
     
 
 
Options expired
   
(66,667
)   $
3.11
     
 
     
 
 
Options exercised
   
    $
     
 
     
 
 
Outstanding balance at January 3, 2016
   
655,114
    $
1.98
     
 
     
 
 
Options granted
   
387,255
    $
1.33
     
 
     
 
 
Options expired
   
(61,756
)
  $
3.46
     
 
     
 
 
Options forfeited
   
(363,847
)
  $
1.46
     
 
     
 
 
Options exercised
   
     
     
 
     
 
 
                                 
Outstanding balance at
January 1, 2017
   
616,766
    $
1.82
    $
8
     
5.6
 
                                 
Exercisable balance at
January 1, 2017
   
445,080
    $
1.90
    $
     
4.4
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
 
 
Year ended
January
1
,
201
7
 
 
Year ended
January 3,
2016 (1)
 
 
Year ended
December 28,
2014
 
Black-Scholes weighted-average assumptions
 
 
 
 
 
 
 
 
 
 
 
 
                         
Expected dividend yield
   
0.0
%    
N/A
     
0.0
%
Expected volatility
   
43.8
%    
N/A
     
57.0
%
Expected forfeiture
   
29.0
%    
N/A
     
18.0
%
Risk-free interest rate
   
1.33
%    
N/A
     
1.22
%
Expected option life in years
   
4.0
     
N/A
     
4.2
 
                         
Weighted-average stock option fair value per option granted
  $
0.48
    $
N/A
    $
0.82
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
Outstanding
options
 
 
Weighted
average
exercise
price
 
 
Exercisable
options
 
 
Weighted
average
exercise
price
 
                           
370,610     $
1.80
     
270,080
    $
1.80
 
25,000     $
1.96
     
25,000
    $
1.96
 
100,000     $
2.02
     
100,000
    $
2.02
 
50,000     $
2.19
     
50,000
    $
2.19
 
71,156     $
1.33
     
    $
 
616,766     $
1.82
     
445,080
    $
1.90
 
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]
 
 
Year ended
January
1
,
201
7
 
 
Year ended
January 3,
2016 (1)
 
 
Year ended
December 28,
2014
 
Binomial Model
weighted-average assumptions
 
 
 
 
 
 
 
 
 
 
 
 
                         
Stock Price
   
1.34
     
N/A
     
1.80
 
Expected volatility
   
42.2
%    
N/A
     
41.6
%
Expected forfeiture
   
29.0
%    
N/A
     
18.0
%
Risk-free interest rate
   
0.60
%    
N/A
     
1.05
%
RSU term
   
3.0
     
N/A
     
3.0
 
                         
Weighted-average
RSU
fair value per
award
granted
  $
0.42
    $
N/A
    $
0.63
 
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]
 
 
Outstanding
options
 
 
Weighted
average
stock
price
 
 
Weighted
average
remaining
contractual
term (years)
 
                         
Outstanding balance at December 29, 2013
   
    $
     
 
 
RSU granted
   
520,433
    $
1.94
     
 
 
RSU forfeited
   
    $
     
 
 
RSU converted into common shares
   
    $
     
 
 
                         
Outstanding balance at December 28, 2014
   
520,433
    $
1.94
     
2.50
 
                         
RSU granted
   
91,818
    $
1.47
     
 
 
RSU forfeited
   
(64,908
)
  $
1.89
     
 
 
RSU converted into common shares
   
(67,779
)
  $
1.80
     
 
 
                         
Outstanding balance at January 3, 2016
   
479,564
    $
1.88
     
1.51
 
                         
RSU granted
   
987,764
    $
0.84
     
 
 
RSU forfeited
   
(352,077
)
  $
0.87
     
 
 
RSU converted into common shares
   
(25,125
)
  $
1.99
     
 
 
                         
Outstanding balance at January 1, 2017
   
1,090,126
    $
1.22
     
1.01