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CAPITAL STOCK, STOCK PLANS, WARRANTS AND INCENTIVE COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2013
CAPITAL STOCK, STOCK PLANS, WARRANTS AND INCENTIVE COMPENSATION [Abstract] |
Summary of the status of options under the Company's Plans | Summary of the status of options under the Company’s total Plans and a Non-Qualified Stock Option Agreement (which was forfeited in the second quarter of 2013), as of December 31, 2013 and 2012, and changes during the years ending on those dates is presented below, giving the effect to the reverse stock split:
|  | 2013 |  |  | 2012
|  | Shares |  |  | Weighted Average Exercise Price |  |  | Intrinsic Value (a) |  |  | Shares |  |  | Weighted Average Exercise Price |  |  | Intrinsic Value (a) |
1993 Non-qualified Stock Option Plan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  |  | 70,500 |  |  | $ | 10.95 |  |  |  |  |  |  | 71,600 |  |  | $ | 10.95 |  |  |  |
Exercised |  |  | — |  |  |  | — |  |  | $ | — |  |  |  | — |  |  |  | — |  |  | $ | — |
Forfeited |  |  | (70,500 | ) |  |  | 10.95 |  |  |  |  |  |  |  | (1,100 | ) |  |  | 10.95 |  |  |  |  |
Balance at end of year |  |  | — |  |  |  | — |  |  | $ | — |  |  |  | 70,500 |  |  |  | 10.95 |  |  | $ | — |
Options exercisable at year end |  |  | — |  |  |  | — |  |  | $ | — |  |  |  | 70,500 |  |  |  | 10.95 |  |  | $ | — |
1992 Outside Directors Stock Plan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  |  | 3,000 |  |  | $ | 10.10 |  |  |  |  |  |  |  | 11,000 |  |  | $ | 12.23 |  |  |  |  |
Forfeited |  |  | (3,000 | ) |  |  | 10.10 |  |  |  |  |  |  |  | (8,000 | ) |  |  | 13.65 |  |  |  |  |
Balance at end of year |  |  | — |  |  |  | — |  |  | $ | — |  |  |  | 3,000 |  |  |  | 10.10 |  |  | $ | — |
Options exercisable at year end |  |  | — |  |  |  | — |  |  | $ | — |  |  |  | 3,000 |  |  |  | 10.10 |  |  | $ | — |
2003 Outside Directors Stock Plan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  |  | 163,200 |  |  | $ | 10.19 |  |  |  |  |  |  |  | 151,200 |  |  | $ | 10.56 |  |  |  |  |
Granted |  |  | 24,000 |  |  |  | 2.89 |  |  |  |  |  |  |  | 12,000 |  |  |  | 5.50 |  |  |  |  |
Forfeited |  |  | (18,000 | ) |  |  | 9.95 |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  |  |
Balance at end of year |  |  | 169,200 |  |  |  | 9.18 |  |  | $ | 5,850 |  |  |  | 163,200 |  |  |  | 10.19 |  |  | $ | — |
Options exercisable at year end |  |  | 145,200 |  |  |  | 10.22 |  |  | $ | — |  |  |  | 151,200 |  |  |  | 10.56 |  |  | $ | — |
2004 Stock Option Plan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  |  | 182,100 |  |  | $ | 10.55 |  |  |  |  |  |  |  | 264,167 |  |  | $ | 10.17 |  |  |  |  |
Forfeited |  |  | (48,500 | ) |  |  | 10.05 |  |  |  |  |  |  |  | (82,067 | ) |  |  | 9.33 |  |  |  |  |
Balance at end of year |  |  | 133,600 |  |  |  | 10.73 |  |  | $ | — |  |  |  | 182,100 |  |  |  | 10.55 |  |  | $ | — |
Options exercisable at year end |  |  | 133,600 |  |  |  | 10.73 |  |  | $ | — |  |  |  | 182,100 |  |  |  | 10.55 |  |  | $ | — |
2010 Stock Option Plan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  |  | 60,000 |  |  | $ | 7.85 |  |  |  |  |  |  |  | 60,000 |  |  | $ | 7.85 |  |  |  |  |
Granted |  |  | — |  |  |  | — |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  |  |
Balance at end of year |  |  | 60,000 |  |  |  | 7.85 |  |  | $ | — |  |  |  | 60,000 |  |  |  | 7.85 |  |  | $ | — |
Options exercisable at year end |  |  | 40,000 |  |  |  | 7.85 |  |  | $ | — |  |  |  | 20,000 |  |  |  | 7.85 |  |  | $ | — |
Non-Qualified Stock Option Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  |  | 50,000 |  |  | $ | 6.75 |  |  |  |  |  |  |  | 50,000 |  |  | $ | 6.75 |  |  |  |  |
Forfeited |  |  | (50,000 | ) |  | $ | 6.75 |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  |  |
Balance at end of year |  |  | — |  |  |  | — |  |  | $ | — |  |  |  | 50,000 |  |  |  | 6.75 |  |  | $ | — |
Options exercisable at year end |  |  | — |  |  |  | — |  |  | $ | — |  |  |  | 12,500 |  |  |  | 6.75 |  |  | $ | — |
| (a) | Represents the difference between the market price at the date of exercise or the end of the year, as applicable, and the exercise price.
Summary of total Stock Options | The summary of the Company’s total Plans (as noted above) as of December 31, 2013, and changes during the period then ended are presented as follows (giving effect of the reverse stock split):
|  | Shares |  |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term |  | Aggregate Intrinsic Value |
Options outstanding January 1, 2013 |  |  | 528,800 |  |  | $ | 9.82 |  |  |  |  |
Granted |  |  | 24,000 |  |  |  | 2.89 |  |  |  |  |
Exercised | ─ |  | ─ |  |  |  |  | ─ |
Forfeited/Expired |  |  | (190,000 | ) |  |  | 9.51 |  |  |  |  |
Options outstanding End of Period (1) |  |  | 362,800 |  |  | $ | 9.53 |  |  |  | 3.3 |  |  | $ | 5,850 |
Options Exercisable at December 31, 2013(2) |  |  | 318,800 |  |  | $ | 10.14 |  |  |  | 2.8 |  | ─ |
Options Vested and expected to be vested at December 31, 2013 |  |  | 362,800 |  |  | $ | 9.53 |  |  |  | 3.3 |  |  | $ | 5,850 |
(1) Options with exercise prices ranging from $2.79 to $14.75 (2) Options with exercise prices ranging from $5.50 to $14.75

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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the change in stock options. + References No definition available. + Details
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