STOCK AND STOCK OPTION PLANS	12 Months Ended
Dec. 31, 2022
STOCK AND STOCK OPTION PLANS
STOCK AND STOCK OPTION PLANS	NOTE 7. - STOCK AND STOCK OPTION PLANS Preferred Stock - The Company’s certificate of incorporation authorizes its Board to issue up to 1,000,000 shares of preferred stock. The stock is issuable in series that may vary as to certain rights and preferences, as determined upon issuance, and has a par value of $0.01 per share. As of December 31, 2022, and 2021, there were no preferred shares issued or outstanding. 2005 Plan - The Company’s Board and stockholders approved a stock option plan adopted in 2005, which has authority to grant options to purchase up to an aggregate of 53,334 common shares at December 31, 2022 and 2021. There are 0 shares available for grant at December 31, 2022. 2009 Plan - During 2009, the Company’s Board approved the 2009 stock option plan, which grants options to purchase up to an aggregate of 48,894 common shares at December 31, 2022 and 2021. Options issued to date are nonqualified since the Company has decided not to seek stockholder approval of the 2009 Plan. As this plan has expired, there are 0 shares available for grant at December 31, 2022. 2019 Plan - During 2019, the Company’s Board approved the 2019 stock option plan, which grants options to purchase up to an aggregate of 20,000 common shares. As the plan was replaced by the 2021 stock option plan, there are 0 common shares are available for grant at December 31, 2022. Options issued to date are nonqualified since the Company has decided not to seek stockholder approval of the 2019 Plan. 2020 Plan - During 2020, the Company’s Board approved the 2020 stock option plan, which grants options to purchase up to an aggregate of 20,000 common shares. As the plan was replaced by the 2021 stock option plan, there are 0 common shares are available for grant at December 31, 2022. Options issued to date are nonqualified since the Company has decided not to seek stockholder approval of the 2020 Plan. 2021 Plan – During 2021, the Company’s Board approved the 2021 Equity Incentive Plan, which was subsequently approved by the shareholders on January 26, 2022. The 2021 plan replaces the 2019 and 2020 plans, and grants options to purchase up to an aggregate of (a) 60,000, plus (b) any shares of common stock that are subject to options granted under the prior plans that expire, are forfeited or canceled or terminate for any other reason without the issuance of shares under the prior plans on or after January 26, 2022, plus (c) any shares of common stock that are subject to options granted under the prior plans that are used to pay the exercise price of an option or withheld to satisfy the tax withholding obligations related to any option under the prior plans on or after January 26, 2022. There are 62,767 shares available for granting under this plan as of December 31, 2022.

STOCK AND STOCK OPTION PLANS

12 Months Ended

Dec. 31, 2022

NOTE 7. - STOCK AND STOCK OPTION PLANS

Preferred Stock - The Company’s certificate of incorporation authorizes its Board to issue up to 1,000,000 shares of preferred stock. The stock is issuable in series that may vary as to certain rights and preferences, as determined upon issuance, and has a par value of $0.01 per share. As of December 31, 2022, and 2021, there were no preferred shares issued or outstanding.

2005 Plan - The Company’s Board and stockholders approved a stock option plan adopted in 2005, which has authority to grant options to purchase up to an aggregate of 53,334 common shares at December 31, 2022 and 2021. There are 0 shares available for grant at December 31, 2022.

2009 Plan - During 2009, the Company’s Board approved the 2009 stock option plan, which grants options to purchase up to an aggregate of 48,894 common shares at December 31, 2022 and 2021. Options issued to date are nonqualified since the Company has decided not to seek stockholder approval of the 2009 Plan. As this plan has expired, there are 0 shares available for grant at December 31, 2022.

2019 Plan - During 2019, the Company’s Board approved the 2019 stock option plan, which grants options to purchase up to an aggregate of 20,000 common shares. As the plan was replaced by the 2021 stock option plan, there are 0 common shares are available for grant at December 31, 2022. Options issued to date are nonqualified since the Company has decided not to seek stockholder approval of the 2019 Plan.

2020 Plan - During 2020, the Company’s Board approved the 2020 stock option plan, which grants options to purchase up to an aggregate of 20,000 common shares. As the plan was replaced by the 2021 stock option plan, there are 0 common shares are available for grant at December 31, 2022. Options issued to date are nonqualified since the Company has decided not to seek stockholder approval of the 2020 Plan.

2021 Plan – During 2021, the Company’s Board approved the 2021 Equity Incentive Plan, which was subsequently approved by the shareholders on January 26, 2022. The 2021 plan replaces the 2019 and 2020 plans, and grants options to purchase up to an aggregate of (a) 60,000, plus (b) any shares of common stock that are subject to options granted under the prior plans that expire, are forfeited or canceled or terminate for any other reason without the issuance of shares under the prior plans on or after January 26, 2022, plus (c) any shares of common stock that are subject to options granted under the prior plans that are used to pay the exercise price of an option or withheld to satisfy the tax withholding obligations related to any option under the prior plans on or after January 26, 2022. There are 62,767 shares available for granting under this plan as of December 31, 2022.