Note 6 - Stock Option Plans
|3 Months Ended|
Mar. 31, 2017
|Notes to Financial Statements|
|Disclosure of Compensation Related Costs, Share-based Payments [Text Block]||
Stock Option Plans
Milestone Scientific recognizes compensation expense on a straight line basis over the requisite service period and in the case of performance based options over the period of the expected performance.
2016respectively, Milestone Scientific recognized
$134,405of total employee stock based compensation cost, respectively. As of
$1,026,024of total unrecognized compensation cost related to nonvested options, respectively, which Milestone Scientific expects to recognize these cost over a weighted average period of
2.99years as of
InThis adoption of this pronouncement had no material effects on Milestone Scientific'
2016,the FASB issued ASU No.
09,Stock Compensation (Topic
718),which includes provisions intended to simplify various aspects related to how share-based payments are accounted for and presented in the financial statements. The standard is effective for annual periods beginning after
2017,the Company adopted this ASU. The key effects of the adoption on the Company's financial statements include that the Company will now recognize windfall tax benefits as deferred tax assets instead of tracking the windfall pool and recording such benefits in equity. Additionally, the Company has elected to recognize forfeitures by estimating them at the time of grant.
s financial statements.
A summary of option activit
y for employees under the plans and changes during the
2017,is presented below:
A summary of option activity for non-employees under the plans as of
2016,and changes during the year ended is presented below:
The fair value of the non-employee options was estimated on the date of grant using the Black Scholes option-pricing model at the date of grant. In accordance with the provisions of FASB ASC
505,Milestone Scientific will re-measure the value of the grant at each presentation date unless there is a significant disincentive for non-performance or until performance has been. For the
2016Milestone Scientific recognized income of
$1,175,respectively related to non-employee options.
The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.
Reference 1: http://www.xbrl.org/2003/role/presentationRef