Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Capital Stock

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Note 6 - Capital Stock
 3 Months Ended
Mar. 29, 2015
Stockholders' Equity Note [Abstract]  
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

    $  
                 

Balances at December 28, 2014 and March 29, 2015

    16,417,276     $ 390  

Total Common Shares

    16,417,276     $ 390  

 Stock Options


For 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 28, 2014. There were no stock options granted during the three month period ended March 29, 2015. A summary of stock option activity for the three month period ended March 29, 2015 is as follows:


   

Number
of options

   

Weighted
average
exercise
price

   

Aggregate
intrinsic
value

   

Weighted
average
remaining
contractual
term (years)

 

Outstanding at December 28, 2014

    817,212     $ 2.07       —       7.3  
                                 

Expired

    (33,333 )   $ 3.11                  

Forfeited

    (62,476 )   $ 2.15                  

Outstanding

    721,403     $ 2.02     $ —       7.2  

Exercisable at March 29, 2015

    170,002     $ 2.49     $ —       3.0  

During the three month periods ended March 29, 2015 and March 30, 2014, the Company recorded stock-based compensation expense and a corresponding increase in additional paid-in capital of $33 and $26, respectively.


Restricted Stock Units


For 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 28, 2014. There were no RSU’s granted during the three months ended March 29, 2015. A summary of the RSU activity for the three month period ended March 29, 2015 is as follows:


   

Outstanding
RSU

   

Weighted
average
stock
price

   

Weighted
average
remaining
contractual
term (years)

 

Outstanding balance at December 28, 2014

    520,433     $ 1.94       2.5  

RSU forfeited

    (49,630 )   $ 1.91          

Outstanding balance at March 29, 2015

    470,803     $ 1.95       2.0  

Stock based compensation recognized during the three month period ended March 29, 2015 and March 30, 2014 related to the restricted stock units was $57 and $17.