Stock-Based Compensation

12 Months Ended

Dec. 31, 2014

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

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

Note 9 – Stock-Based Compensation

We no longer offer stock based compensation as part of our compensation packages for employees, contractors and/or Directors. On October 6, 2014, the Board of Directors elected to terminate all existing Stock Option plans due to the significant cost to maintain and report on the plans does not achieve the goals intended. Thus, the 2002, 2005 Stock Option Plans and the 2003 Stock Incentive Plan were effectively terminated with no accounting requirements since no options or shares were issued. The 2003 Stock Option Plan with 397,613 options issued was effectively terminated with no accounting requirements as the term of the options have expired or the holders of the options no longer meet the requirements of holding the options due to termination of employment etc. The 2011 Stock Plan was effectively terminated subject to the holder’s rights to the options remaining open provided they meet the requirements of the options. Per discussion with eligible holders, each holder (current board members or officers and one previous officer of the corporation) have waived their rights to exercise of the options.

			Shares Available For
		Shares Initially Reserved	Issuance at
Plan	Date Adopted	For Issuance	December 31, 2014
2011 Stock Incentive Plan	April 7, 2011	2,000,000	-
2005 Stock Option Plan	December 16, 2005	600,000	-
2003 Stock Option Plan	September 24, 2003	1,500,000	-
2003 Stock Incentive Plan	October 31, 2003	300,000	-
2002 Stock Option Plan	June 6, 2002	100,000	-
			-

No stock-based awards were issued during the year ended December 31, 2014 and 2013.

A summary of the transactions during the year ended December 31, 2014 with respect to our stock option plans follows:

						Weighted-
						Average
		Weighted-				Contractual
		Average		Aggregate		Life
		Exercise		Intrinsic		Remaining
	Shares	Price		Value		in Years
	(in thousands)				(in thousands)
Outstanding at January 1, 2013	1,173	$	0.017			7.5
Forfeited/Terminated	1,173	$	0.017			7.5
Outstanding at December 31, 2014	-	$	-	$	-	-
Exercisable at December 31, 2014	-	$	-	$	-	-

Total stock-based compensation expense for the years ended December 31, 2014 and 2013 was $0 and $1,000, respectively As of December 31, 2014, the total unrecognized compensation cost related to non-vested stock options was $0.0, net of expected forfeitures.