Stock Options and Equity Compensation Plan

9 Months Ended

Sep. 30, 2013

Stock Options and Equity Compensation Plan [Abstract]

Stock Options and Equity Compensation Plan

Note 7. Stock Options and Equity Compensation Plan

The Company granted 21,000 options during each of the nine month periods ended September 30, 2013 and 2012.

As of September 30, 2013, there was approximately $390,000 of stock-based employee compensation expense related to non-vested awards which is expected to be recognized over a weighted average period of 3.42 years.

As most options issued under the 2000 Incentive Plan are incentive stock options, the Company does not normally receive significant excess tax benefits relating to the compensation expense recognized on vested options