Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE STOCK OPTIONS (Tables)

v2.4.1.9
EMPLOYEE STOCK OPTIONS (Tables)
3 Months Ended
Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of the stock option activity as of March 31, 2015, and changes during the three months then ended is as follows:
 
 
 
 
 
 
 
 
Weighted-
 
 
 
 
 
 
 
 
Weighted-
 
Average
 
 
 
 
 
 
 
 
Average
 
Remaining
 
Aggregate
 
 
 
 
 
Exercise
 
Contractual
 
Intrinsic
 
 
 
Shares
 
Price
 
Term
 
Value
 
Outstanding, December 31, 2014
 
2,684,500
 
$
4.67
 
 
 
 
 
 
Exercised
 
(35,000)
 
 
2.36
 
 
 
 
 
 
Outstanding, March 31, 2015
 
2,649,500
 
$
4.70
 
7.8 Years
 
$
15,893,740
 
Exercisable, March 31, 2015
 
968,000
 
$
3.62
 
7.3 Years