Stock-Based Compensation; Changes in Equity (Tables)

3 Months Ended

Mar. 31, 2014

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

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of the Company’s stock option activity and related information is as follows:

	Shares under Option		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
Balance at December 31, 2013		228,500	$	5.23		3.0	$	161,250
Granted		-		-
Cancelled		-		-
Exercised		-		-
Outstanding at March 31, 2014		228,500	$	5.23		2.8	$	122,955
Exercisable at March 31, 2014		96,382	$	4.84		2.2	$	88,075

Schedule of Stockholders Equity Note, Warrants or Rights [Table Text Block]

A summary of the Company’s stock warrant activity and related information is as follows:

	Shares under Warrant		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
Balance at December 31, 2013		140,048	$	0.01		8.5	$	816,480
Granted
Cancelled		-		-
Exercised		-		-
Outstanding at March 31, 2014		140,048	$	0.01		8.3	$	778,667
Exercisable at March 31, 2014		-		-		-		-

Schedule Of Share Based Compensation Arrangement By Share Based Payment Award Options Vested Outstanding By Grant Date [Table Text Block]

A summary of the Company’s stock option activity by grant date as of March 31, 2014 is as follows:

	Options Outstanding								Options Vested
Options by Grant Date		Shares	Weighted Avg.		Remain. Life		Intrinsic Val			Shares	Weighted Avg.		Remain. Life		Intrinsic Val
Dec 2005		29,500	$	2.88		1.8	$	79,355		29,500	$	2.88		1.8	$	79,355
Dec 2010		72,000		6.14		1.8		-		39,750		5.97		1.8		-
Jan 2011		8,000		5.96		1.8		-		5,332		5.96		1.8		-
Nov 2012		109,000		5.17		3.7	$	43,600		21,800		5.17		3.7		8,720
Nov 2013		10,000		5.75		4.6		-		-		-
TOTAL		228,500	$	5.23		2.8	$	122,955		96,382	$	4.84		2.2	$	88,075