XML 17 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 6. Stock Options (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2013
Dec. 31, 2012
Notes to Financial Statements    
Summary of stock options issued  
    Number of Options Outstanding     Range of Exercise Price     Weighted Average Exercise Price     Aggregate Intrinsic Value  
Balance at December 31, 2010     100,000     $ 2.10 - $2.32     $ 2.13     $ 16,700  
    Options granted     30,000     $ 1.70 - $2.30     $ 1.82     $ 13,240  
    Options forfeited     (2,500 )   $ 1.70 - $2.10     $ 1.78     $ 1,175  
Balance at December 31, 2011     127,500     $ 1.70 - $2.32     $ 2.07     $ 24,590  
    Options granted     196,000     $ 0.01 - $3.33     $ 1.37     $ 370,750  
    Options exercised     (25,154 )   $ 1.70 - $2.10     $ 2.04     $ 35,661  
    Options expired or cancelled     (70,000 )   $ 0.01     $ 0.01     $ 226,800  
    Options forfeited     (7,750 )   $ 1.70 - $3.33     $ 2.45     $ 6,438  
Balance at December 31, 2012     220,596     $ 0.01 - $3.33     $ 2.09     $ 257,835  
Schedule Of Stock Options

 

      Options Outstanding Options Exercisable  
Exercise Price Range   Number   Weighted Average Remaining Contractual Life (in Years)   Weighted Average Exercise Price   Number  
$0.01 - $1.00   27,300   8.31   $0.01   27,300  
$1.01 - $2.00   16,750   7.65   $1.73   16,750  
$2.01 - $3.00   111,276   6.46   $2.41   72,526  
$3.01 - $4.00   20,800   8.50   $3.33   20,800  
$4.01 - $8.00   60,000   9.99   $7.76   3,751  
$8.01 - $8.25   40,000   4.89   $8.25   2,500  
  Total   276,126   7.41   $4.21   143,627  

 

      Options Outstanding     Options Exercisable  
Exercise Price     Number     Weighted Average Remaining Contractual Life (in Years)     Number  
$ 0.01       35,000       9.05       35,000  
$ 1.70       15,000       8.40       15,000  
$ 1.87       3,000       8.40       3,000  
$ 2.10       57,596       7.61       35,096  
$ 2.30       15,000       8.97       15,000  
$ 2.31       16,500       7.61       16,500  
$ 2.81       45,000       5.06       10,000  
$ 3.00       5,000       9.75       5,000  
$ 3.33       28,500       9.25       0  
Total       220,596       7.74       134,596  

Schedule of Stock Options, Valuation Assumptions  
   

Year ended

 December 31,

2012

   

Year ended

 December 31,

2011

 
Expected dividend yield     0 %     0 %
Expected stock price volatility     131 %     157 %
Weighted-average risk-free interest rate     0.98 %     1.81 %
Weighted-average expected life of options (in years)     5.5       5.4