XML 64 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
7. Capital Transactions
6 Months Ended
Jun. 30, 2013
Notes to Financial Statements  
7. Capital Transactions

On January 22, 2008, the Board of Directors of the Company authorized a buy back of up to 300,000 shares of common stock. Shares will be purchased from time to time, at management’s discretion, in the open market and in private transactions. During the six months ended June 30, 2013, the Company purchased 12,266 shares at an average price of $1.56.

 

There are no stock option transactions during the six months ended June 30, 2013. At June 30, 2013, there are 400,000 outstanding options at a weighted average exercise price of $3.33, which were fully vested and exercisable. As of June 30, 2013, there were no unrecognized compensation costs.