Annual report pursuant to section 13 and 15(d)

12. Stock Options (Tables)

v2.4.0.8
12. Stock Options (Tables)
 12 Months Ended
Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Options, Valuation Assumptions

Risk-free interest rate .64% - .89%  
Expected life in years 5  
Dividend yield 0.0%  
Expected volatility 59.15% - 67.62%  

  

 

Risk-free interest rate 0.84%  
Expected life in years 5  
Dividend yield 0.0%  
Expected volatility 69.09%  
Stock Option Plan
    Options Outstanding Number     Exercise     Weighted Average Remaining   Aggregate     Weighted Average Exercise  
    of     Price     Contractual   Intrinsic     Price  
    Shares     per Share     Life   Value     per Share  
                             
Balance at December 31, 2011     149,950       $18.00 - 55.00     4.47 years   $ –     $ 43.00  
Options Granted     11,050       $6.00 – 50.00     5.18 years             26.00  
Options Exercised     –       –     -             –  
Options Expired     (2,550 )     $18.00 – 55.00     -             –  
Balance at December 31, 2012     158,450       $6.00 – 55.00     3.55 years   $ –     $ 42.00  
Options Granted     41,000       $20.00 – 44.00     4.35 years             21.00  
Options Exercised     –       –     -             –  
Options Expired     (162,300 )     $6.00 – 55.00     -             –  
Balance at December 31, 2013     37,150       $6.00 – 55.00     3.55 years   $ –     $ 32.00  
                                     
Exercisable December 31, 2012     130,450       $6.00 – 55.00     2.81 years   $ –     $ 41.00  
Exercisable December 31, 2013     37,150       $6.00 – 55.00     3.41 years   $ –     $ 32.00