Share-based compensation (Tables)

6 Months Ended

Jun. 30, 2013

Share-Based Compensation [Abstract]

Weighted-average assumptions used in determining fair value of share based awards

The Company determines the fair value of share based awards at the grant date by using the Black-Scholes option-pricing model, and is incorporating the simplified method to compute expected lives of share based awards with the following weighted-average assumptions:

Six Month Period Ended June 30,	2013			2012
Assumptions
Dividend Yield		0	%		0	%
Risk free interest rate		.85	%		0	%
Expected volatility		76	%		0	%
Expected lives		5 years			none

Summary of status of company's stock option plan

A summary of the activity for the Company's Plans for the indicated periods is presented below:

Stock Option Plan Totals	Shares		Weighted Average Exercise Price
Outstanding at December 31, 2011		3,435,443	$	1.22
• Cancelled		(8,313)	$	1.10
• Exercised		(109,038)	$	1.42
• Granted		30,843	$	3.27
Outstanding at December 31, 2012		3,348,935	$	1.23
• Cancelled		(8,617)	$	1.10
• Exercised		(945,761)	$	1.20
• Granted		50,000	$	4.25
Outstanding at June 30, 2013		2,444,557	$	1.31

Weighted average contractual life and exercise price

The following is the weighted average contractual life in years and the weighted average exercise price at June 30, 2013 of:

			Weighted Average
	Number of		Remaining	Weighted Average
	Options		Contractual Life	Exercise Price
Options outstanding		2,444,557	4.6 years	$	1.31
Options vested		2,407,057	4.6 years	$	1.27

Intrinsic value

The following is the intrinsic value at June 30, 2013 of:

Options outstanding	$	4,673,382
Options vested in 2013	$	53,125
Options exercised in 2013	$	2,816,000