Share-based compensation (Tables)

9 Months Ended

Sep. 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:

Nine Month Period Ended
September 30,	2013		2012
Assumptions
Dividend yield	0	%	0	%
Risk free interest rate	.85%- 1.64	%	.65	%
Expected volatility	62%-76	%	73	%
Expected lives	5 years		5 years

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:

			Weighted
			Average
Stock Option Plan Totals	Shares		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	110,000	$	3.01
Outstanding at September 30, 2013	2,504,557	$	1.33

Weighted average contractual life and exercise price

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

		Weighted Average
	Number of	Remaining	Weighted Average
	Options	Contractual Life	Exercise Price
Options outstanding	2,504,557	4.70 years	$	1.33
Options vested	2,407,057	4.75 years	$	1.27

Intrinsic value

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

Options outstanding	$	1,931,430
Options vested in 2013	$	53,125
Options exercised in 2013	$	2,816,000