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Stock Options
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2015 and June 30, 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 and six months ended June 30, 2015 or for the three and six months ended June 30, 2014.

The following table summarized options outstanding at June 30, 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 June 30, 2015
293,099

$
1.98

 
 
 
Outstanding exercisable options at June 30, 2015
293,099

$
1.98

 
 
 


The intrinsic value of outstanding and exercisable options at June 30, 2015 was approximately $100,000
.