Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Capital Stock

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Note 6 - Capital Stock
 9 Months Ended
Sep. 27, 2015
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
 
 
 
$ 
 
                 
Balances at December 28, 2014 and September 27, 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 nine month period ended September 27, 2015. A summary of stock option activity for the nine month period ended September 27, 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
     (95,431
)
     2.03                  
Outstanding
     655,114       1.97       —       6.8  
Exercisable at September 27, 2015
     198,335     $ 2.34     $ —       2.5  
 
During the three month periods ended September 27, 2015 and September 28, 2014, the Company recorded stock-based compensation expense and a corresponding increase in additional paid-in capital of $45 and $28, respectively. During the nine month periods ended September 27, 2015 and September 28, 2014, the Company recorded stock-based compensation expense and a corresponding increase in additional paid-in capital of $122 and $82, 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 nine month period ended September 27, 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
     (64,908
)
     1.89          
Outstanding balance at September 27, 2015
     547,343     $ 1.87       1.59  
  
Stock based compensation recognized during the three month period ended September 27, 2015 and September 28, 2014 related to the restricted stock units was $81 and $35. Stock based compensation recognized during the nine month period ended September 27, 2015 and September 28, 2014 related to the restricted stock units was $222 and $86, respectively.