4) Stock-based Compensation: Schedule of stock inventive plan changes (Tables)

9 Months Ended

Sep. 30, 2013

Tables/Schedules

Schedule of stock inventive plan changes

A summary of the status of the Company’s stock incentive plans as of September 30, 2013, and the changes during the nine months ended September 30, 2013, is presented below:

	Number of Class A Shares	Weighted Average Exercise Price	Number of Class C Shares(1)	Weighted Average Exercise Price(1)
Outstanding at January 1, 2013	972,253	$      2.07	5,838,505	$      2.18
Granted	-	-	-	-
Exercised	(482,866)	2.15	(1,906,022)	2.24
Cancelled	(76,032)	3.36	(638,138)	3.33
Outstanding at September 30, 2013	413,355	$      1.84	3,294,345	$      1.78
As of September 30, 2013:
Options Exercisable	412,040	$      1.83	3,294,345	$      1.78
Weighted average contractual term of options
outstanding at September 30, 2013	5.95 years		2.37 years
Weighted average contractual term of options
exercisable at September 30, 2013	5.94 years		2.37 years
Aggregated intrinsic value of options
outstanding at September 30, 2013	$1,748,854		$1,409,984
Aggregated intrinsic value of options
exercisable at September 30, 2013	$1,748,854		$1,409,984
(1) Class “C” shares are converted to Class “A” shares on a 10 to 1 ratio. The Weighted Average Exercise Price is based on Class A Common shares.