6. Stockholders' Equity

9 Months Ended

Sep. 30, 2013

Notes to Financial Statements

NOTE 6 - Stockholders' Equity

The changes in consolidated stockholders’ equity for the nine months ended September 30, 2013 are as follows:

	Common Stock Shares		Common Stock Amount		Additional Paid-In Capital		Accumulated Deficit			Total
Balance at December 31, 2012		13,545,482	$	8,127	$	24,604	$	(2,547	)	$	30,184
Common stock option exercise and issued		34,989		21		13		-			34
Share-based compensation expense		−		−		36		−			36
Net income		−		−		−		1,116			1,116
Balance at September 30, 2013		13,580,471	$	8,148	$	24,653	$	(1,431	)	$	31,370

 On March 8, 2013, the Company’s Board of Directors approved up to $2.5 million of share repurchases through December 31, 2013.  The repurchases were authorized to be made from time to time through a variety of methods, including open market repurchases and privately negotiated transactions, and would be funded from available cash.  There can be no assurance as to the amount, timing or prices of repurchases.  The specific timing and amount of repurchases, if any, will vary based upon market conditions, share price and other factors.  The repurchase program may be suspended, modified or terminated by the Board at any time.  During the period ended September 30, 2013, the Company did not repurchase any of its shares.