Share-based Compensation (Tables)

6 Months Ended

Jun. 30, 2014

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,	2014			2013
Assumptions
Dividend yield		0	%		0	%
Risk free interest rate		1.69	%		.85	%
Expected volatility		59	%		76	%
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:

Stock Option Plan Totals	Shares	Weighted Average Exercise Price
Outstanding at December 31, 2012	3,348,935	$	1.23
• Cancelled	(58,617)	$	1.87
• Exercised	(945,761)	$	1.20
• Granted	173,354	$	2.59
Outstanding at December 31, 2013	2,517,911	$	1.33
• Exercised	(20,000)	$	1.18
• Granted	10,000	$	2.73
Outstanding at June 30, 2014	2,507,911	$	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 June 30, 2014 of:

		Weighted Average
	Number of	Remaining	Weighted Average
	Options	Contractual Life	Exercise Price
Options outstanding	2,507,911	3.8 years	$	1.33
Options vested	2,472,911	3.7 years	$	1.30

Intrinsic value

The following is the intrinsic value at June 30, 2014 of:

Options outstanding	$	4,003,861
Options vested in 2014	$	0
Options exercised in 2014	$	52,000