7. Common Stock (Tables)

12 Months Ended

Dec. 31, 2014

Common Stock Tables

Employee stock options outstanding

# Common Shares Represented		Exercise Price
	57,500	$	2.30
	120,000		.36
	325,000		.95
	1,800,000		1.05
	101,000		.90
	351,000		.58
	40,000		.68
	270,500		1.30
	330,000		1.55
	40,000		1.65

Assumptions for grants

Expected volatility	30%
Expected dividend yield	None
Expected term (in years)	5
Risk-free interest rate	1.62% to 2.64%

Options outstanding

Balance of employee stock options outstanding as of 12/31/11	3,000,500
Stock options granted during the year ended 12/31/12	401,000
Stock options exercised during the year ended 12/31/12	(60,000	)
Stock options forfeited during the year ended 12/31/12	(75,000	)
Balance of employee stock options outstanding as of 12/31/12	3,266,500
Stock options granted during the year ended 12/31/13	273,000
Stock options exercised during the year ended 12/31/13	68,500
Stock options forfeited during the year ended 12/31/13	13,500
Balance of employee stock options outstanding as of 12/31/13	3,457,500
Stock options granted during the year ended 12/31/14	370,000
Stock options exercised during the year ended 12/31/14	(390,000	)
Stock options forfeited during the year ended 12/31/14	(2,500	)
Balance of employee stock options outstanding as of 12/31/14	3,435,000

Number of non-vested options outstanding

Balance of employee non-vested stock options outstanding as of 12/31/11	2,461,000
Stock options granted during the year ended 12/31/12	401,000
Stock options vested during the year ended 12/31/12	(600,000	)
Stock options forfeited during the year ended 12/31/12	(75,000	)
Balance of employee non-vested stock options outstanding as of 12/31/12	2,187,000
Stock options granted during the year ended 12/31/13	273,000
Stock options vested during the year ended 12/31/13	(1,031,000	)
Stock options forfeited during the year ended 12/31/13	(12,500	)
Balance of employee non-vested stock options outstanding as of 12/31/13	1,416,500
Stock options granted during the year ended 12/31/14	370,000
Stock options vested during the year ended 12/31/14	(755,000	)
Stock options forfeited during the year ended 12/31/14	-
Balance of employee non-vested stock options outstanding as of 12/31/14	1,031,500