Securities Authorized for Issuance under Equity Compensation Plans

3 Months Ended

Mar. 31, 2015

Securities Authorized For Issuance Under Equity Compensation Plans [Abstract]

SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS

10.  SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS

During the three months ended March 31, 2015, stock options to purchase an aggregate of 10,000 shares were exercised.  Following the withholding of an aggregate of 2,156 shares in connection with the net exercise feature of the stock options, the Company delivered an aggregate of 7,844 shares to the option holder who exercised his options.  

There was no stock compensation expense attributable to stock options during the three months ended March 31, 2015 and 2014. At March 31, 2015, there was no unrecognized compensation expense related to stock options.  

There were no stock awards issued during the three months ended March 31, 2015 and 2014.

The following table provides information at March 31, 2015 regarding outstanding stock options under the Company’s stock option plans. As used in the table below, “2002 NQ” refers to the Company’s 2002 Non-Qualified Stock Option Plan and “2008 NQ” refers to the Company’s 2008 Non-Qualified Stock Option Plan.

Plan	Date  Granted	Options Outstanding		Exercisable  Options		Exercise  Price		Expiration  Date	Weighted  Average  Remaining Life
2002NQ	4/03/06		30,000		30,000	$	1.08	4/02/16		1.0
2002NQ	12/17/07		40,000		40,000	$	1.32	12/16/17		2.8
2008NQ	1/11/09		40,000		40,000	$	0.69	1/10/19		3.8
2008NQ	4/26/10		20,000		20,000	$	2.07	4/25/20		5.1
			130,000		130,000	$	1.19			3.1