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Stock Options
3 Months Ended
Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Options
STOCK OPTIONS

In accordance with ASC 718, the Company had no stock option expense for the three months ended March 31, 2015 and March 31, 2014 . The Company uses the Black-Scholes option-pricing model to measure the fair value of stock options granted to employees. The Company did not not issue any stock options for the three months ended March 31, 2015 or for the three months ended March 31, 2014.

The following table summarized options outstanding at March 31, 2015
   
 
Number of Shares
Weighted Average Exercise Price
Balance, December 31, 2014
305,099

$
1.97

Granted


Forfeited


Exercised
(12,000
)
1.76

 
 
 
Outstanding options at end of quarter
293,099

$
1.98

 
 
 
Outstanding exercisable options at end of quarter
293,099

$
1.98

 
 
 


The intrinsic value of outstanding and exercisable options at March 31, 2015 was approximately $143,000.