Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Capital Stock

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Note 6 - Capital Stock
 6 Months Ended
Jun. 28, 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 June 28, 2015

     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 and six month period ended June 28, 2015. A summary of stock option activity for the six month period ended June 28, 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

     (66,667

)

     3.11                  

Forfeited

     (75,201

)

     2.09                  

Outstanding

     675,344       1.97       —       8.6  

Exercisable at June 28, 2015

     173,335     $ 2.28     $ —       2.8  

During the three month periods ended June 28, 2015 and June 29, 2014, the Company recorded stock-based compensation expense and a corresponding increase in additional paid-in capital of $44 and $28, respectively. During the six month periods ended June 28, 2015 and June 29, 2014, the Company recorded stock-based compensation expense and a corresponding increase in additional paid-in capital of $77 and $55, 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. A summary of the RSU activity for the six month period ended June 28, 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 granted

     91,818       1.47          

RSU forfeited

     (59,352

)

     1.90          

Outstanding balance at June 28, 2015

     552,899     $ 1.87       2.1  

Stock based compensation recognized during the three month period ended June 28, 2015 and June 29, 2014 related to the restricted stock units was $84 and $33. Stock based compensation recognized during the six month period ended June 28, 2015 and June 29, 2014 related to the restricted stock units was $141 and $50, respectively.