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

6 Months Ended

Jun. 30, 2017

Tables/Schedules

Schedule of stock inventive plan changes

	Number of Class A Shares	Weighted Average Exercise Price	Number of Class C Shares	Weighted Average Exercise Price
Outstanding at December 31, 2016	741,973	$      4.33	556,298	$      4.61
Granted	-		-
Exercised	-		(103,402)	1.31
Cancelled	-		(24,227)	1.31
Outstanding at June 30, 2017	741,973	$      4.33	428,669	$      5.59
As of June 30, 2017:
Options exercisable	671,816	$      4.08	386,669	$      5.40
As of June 30, 2017:
Available options for future grant	525,682		227,750
Weighted average contractual term of options
outstanding at June 30, 2017	6.87 years		2.88 years
Weighted average contractual term of options
exercisable at June 30, 2017	6.61 years		2.71 years
Aggregated intrinsic value of options
outstanding at June 30, 2017 (1)	$1,564,592		$449,896
Aggregated intrinsic value of options
exercisable at June 30, 2017 (1)	$1,564,592		$449,896
(1) The Company used a stock price of $6.37 as of June 30, 2017 to derive intrinsic value.

A summary of the status of the Company’s stock incentive plans as of June 30, 2016, and the changes during the six months ended June 30, 2016, are presented below:

	Number of Class A Shares	Weighted Average Exercise Price	Number of Class C Shares	Weighted Average Exercise Price
Outstanding at December 31, 2015	618,261	$      3.89	577,436	$      3.54
Granted	-		-
Exercised	(28,460)	2.15	-
Cancelled	-		-
Outstanding at June 30, 2016	589,801	$      3.97	577,436	$      3.54
As of June 30, 2016:
Options exercisable	519,711	$      3.65	524,936	$      3.19
As of June 30, 2016:
Available options for future grant	397,342		57,750
Weighted average contractual term of options
outstanding at June 30, 2016	7.25 years		2.25 years
Weighted average contractual term of options
exercisable at June 30, 2016	6.96 years		2.03 years
Aggregated intrinsic value of options
outstanding at June 30, 2016 (1)	$755,390		$1,001,904
Aggregated intrinsic value of options
exercisable at June 30, 2016 (1)	$755,390		$1,001,904
(1) The Company used a stock price of $4.89 as of June 30, 2016 to derive intrinsic value.