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STOCKHOLDERS' EQUITY
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3 Months Ended | |
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Mar. 31, 2015
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| Stockholders' Equity Note [Abstract] | ||
| Stockholders' Equity Note Disclosure [Text Block] |
NOTE 5 STOCKHOLDERS’ EQUITY
Common Stock Issued in Option Exercise During the three months ended March 31, 2014, the Company issued 5,000 shares of common stock as the result of an option exercise. The Company received the exercise price of $4.50 per share for an aggregate amount of $22,500. Also during the three months ended March 31, 2014, the Company issued 20,361 shares of common stock as the result of the cashless exercise of 20,000 stock options with an exercise price of $2.00 and 5,000 stock options with an exercise price of $5.50. The Company withheld 4,639 shares, valued at $67,500 or $14.55 per share. During the three months ended March 31, 2015, the Company issued 25,000 shares of common stock as the result of option exercises. Of the 25,000 options exercised, 5,000 had an exercise price of $4.50 per share and 20,000 had an exercise price of $2.00 per share. The Company received an aggregate amount of $62,500 as a result of the option exercises. Also during the three months ended March 31, 2015, the Company issued 8,115 shares of common stock as the result of the cashless exercise of 10,000 stock options with an exercise price of $2.00 per share. The Company withheld 1,885 shares, valued at $20,000 or $10.61 per share. |