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Accounting for Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Outstanding Stock Options

A summary of our outstanding stock options for the nine months ended September 30, 2013 and 2012 is presented below.

 

     2013      2012  
     Shares     Weighted
Average
Exercise Price
     Shares     Weighted
Average
Exercise Price
 

Outstanding at beginning of period

     3,002,980      $ 1.50         3,636,480      $ 1.55   

Granted

     —         —          —         —    

Exercised

     —         —          —         —    

Forfeited and expired

     (500   $ 5.00         (625,000     1.75   
  

 

 

   

 

 

    

 

 

   

 

 

 

Outstanding at end of period

     3,002,480      $ 1.50         3,011,480      $ 1.51   
  

 

 

   

 

 

    

 

 

   

 

 

 

Options exercisable at end of period

     3,002,480      $ 1.50         3,011,480      $ 1.51   
Summary of Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable at September 30, 2013:

 

Range of Exercise Prices

   Number Outstanding      Weighted Average
Remaining
Contractual Life
     Weighted Average
Exercise Price
 

$1.15 — $1.36

     2,287,500         0.7 years       $ 1.15   

$2.00 — $3.00

     539,980         2.0 years         2.33   

$3.10 — $4.65

     155,000         4.1 years         3.17   

$4.99 — $6.96

     20,000         .6 years         5.68   
  

 

 

    

 

 

    

 

 

 
     3,002,480         1.1 years       $ 1.50