STOCK-BASED PAYMENTS

9 Months Ended

Apr. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

NOTE 6 – STOCK-BASED PAYMENTS (in thousands, except per share amounts)

We account for stock-based compensation in accordance with the related guidance. Under the fair value recognition provisions, we estimate stock-based compensation cost at the grant date based on the fair value of the award. We recognize that expense ratably over the requisite service period of the award. We recognized $18 and $38 of stock based compensation expense for the three-month periods ended April 30, 2017 and 2016, respectively and $53 and $232 of stock-based compensation expense for the nine-month periods ended April 30, 2017 and 2016, respectively.

At April 30, 2017, 114 shares of restricted common stock granted under the 2004 Plan remained unvested and no unvested shares under the 2014 plan existed. At April 30, 2017, 293 shares remained available for future grants under the 2014 plan and the Company had $380 of unrecognized compensation expense, expected to be recognized in the future over a weighted-average period of approximately five years.

- Definition

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.

+ References + Details

ITEX CORP 10-Q