General form of registration statement for all companies including face-amount certificate companies

11. Stock Options (Tables)

v2.4.0.8
11. Stock Options (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2014
Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]    
Stock Option Plan

The following schedule summarizes the changes in the Company’s stock option plan during the three months ended March 31, 2014:

 

    Options Outstanding     Exercise     Weighted Average Remaining     Aggregate     Weighted Average Exercise  
    Number of     Price     Contractual     Intrinsic     Price  
    Shares     per Share     Life     Value     per Share  
                                         
Balance at December 31, 2013     37,150       $6.00 - 55.00       3.55 years     $ –     $ 32.00  
Options Granted     –                                  
Options Exercised     –                                  
Options Expired     –                                  
Balance at March 31, 2014     37,150       $6.00 - 55.00       3.31 years     $ –     $ 32.00  
                                         
Exercisable March 31, 2014     37,150       $6.00 - 55.00       3.31 years     $ –     $ 32.00  
Exercisable December 31, 2013     37,150       $6.00 - 55.00       3.41 years     $ –     $ 32.00  

 
    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  
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%