Note 5: Stock Options

6 Months Ended

Jun. 30, 2012

Notes to Financial Statements

Note 5: Stock Options

Increase in number of shares authorized under the 2010 Equity Incentive Plan (the “Plan”)

On January 20, 2012, the Company’s Board of Directors approved an increase in the number of shares authorized under the Plan from 220,416 to 420,416.This increase was ratified by the shareholders of the Company on June 29, 2012.

Issuance of stock options

The Company issued non-qualified stock options to purchase 10,000 shares of common stock to a consultant on January 1, 2012, which were vested immediately with an exercise price of $2.30 per share. The Company issued non-qualified stock options to purchase a total of 105,000 shares of common stock with an exercise price of $0.01 per share on January 20, 2012 to four former employees and consultants of SECCS. The options will vest through December 31, 2012 upon the achievement of specified milestones related to the execution of annual contracts for XBRL services or revenue targets. The Company also issued incentive stock options to employees to purchase 31,000 shares of common stock on April 2, 2012 with an exercise price of $3.33 per share, and a vesting period of one year.

The following table summarizes information about stock options outstanding and exercisable at June 30, 2012:

	Options Outstanding		Options Exercisable
Exercise Price	Number	Weighted Average Remaining Contractual Life (in Years)	Number
$0.01	105,000	9.56	0
$1.70	18,000	8.90	18,000
$1.87	3,000	8.90	3,000
$2.10	67,000	8.11	37,000
$2.30	15,000	9.48	15,000
$2.31	16,500	8.11	16,500
$3.33	30,000	9.76	0
Total	254,500	9.05	89,500