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13) Stock Compensation Plans: Schedule of Activity of the 2003 Plan (Tables)
12 Months Ended
Dec. 31, 2017
Tables/Schedules  
Schedule of Activity of the 2003 Plan

 

Activity of the stock option plans is summarized as follows:

Number of Class A Shares

Weighted Average Exercise Price

 

Number of Class C Shares

Weighted Average Exercise Price

Outstanding at December 31, 2015

      618,261

$    3.89

      577,436

$    3.54

Adjustment for the effect of stock dividends

       35,346

       26,491

Granted

      133,500

       80,000

Exercised

      (42,634)

    (127,629)

Cancelled

        (2,500)

                -

 

 

Outstanding at December 31, 2016

      741,973

$    4.33

      556,298

$    4.52

Adjustment for the effect of stock dividends

       40,978

       24,934

Granted

      124,500

       70,000

Exercised

        (8,182)

    (103,402)

Cancelled

      (18,843)

      (24,227)

 

 

Outstanding at December 31, 2017

      880,426

$    4.35

      523,603

$    5.24

 

 

Exercisable at end of year

      749,701

$    4.22

      450,103

$    5.31

 

 

Available options for future grant

      421,241

      165,638

 

 

Weighted average contractual term of options

outstanding at December 31, 2017

6.62 years

3.45 years

Weighted average contractual term of options

exercisable at December 31, 2017

6.55 years

2.38 years

Aggregated intrinsic value of options outstanding

at December 31, 2017 (1)

$915,293

$204,015

Aggregated intrinsic value of options exercisable

at December 31, 2017 (1)

$904,898

$189,315

                   

(1) The Company used a stock price of $5.00 as of December 31, 2017 to derive intrinsic value.