XML 12 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stock Option Plans (Tables)
9 Months Ended
Sep. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model. The following assumptions were used for the nine months ended September 30, 2013 and 2012.
 
 
 
2013
 
2012
 
Risk-free interest rate
 
.34% -  2.15%
 
.83% - 1.10%
 
Expected dividend yield
 
0%
 
0%
 
Expected stock price volatility
 
75%
 
75%
 
Expected life of options
 
3.25  to 5.75 years
 
5.75 years
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of all stock option activity for the nine months ended September 30, 2013 follows:
 
 
 
 
Number of  Options
 
Weighted 
 Average  
Exercise  
Price
 
Weighted-
Average 
Remaining 
Contractual 
Term
 
Aggregate 
Intrinsic Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2012
 
 
6,884,500
 
$
.20
 
 
 
 
 
 
Options granted
 
 
2,500,000
 
$
.15
 
 
 
 
 
 
Options expired
 
 
(123,333)
 
$
.13
 
 
 
 
 
 
Options forfeited
 
 
(886,667)
 
$
.13
 
 
 
 
 
 
Outstanding at September 30, 2013
 
 
8,374,500
 
$
.19
 
5.4 years
 
$
61,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at September 30, 2013
 
 
6,129,500
 
$
.21
 
5.1 years
 
$
61,000