Stock Options and Equity Compensation Plan

3 Months Ended

Mar. 31, 2014

Stock Options and Equity Compensation Plan

Stock Options and Equity Compensation Plan

Note 7. Stock Options and Equity Compensation Plan

For the three month periods ended March 31, 2014 and 2013, the Company recorded stock-based employee compensation expense of approximately $23,000 and $16,000, respectively.  This compensation expense is included in the selling, general and administrative expenses in the accompanying condensed consolidated statements of operations.

No options were granted during the three month periods ended March 31, 2014 and 2013.

As of March 31, 2014, there was approximately $343,000 of stock-based employee compensation expense related to non-vested awards which is expected to be recognized over a weighted average period of 2.9 years.

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