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Note 5. Stock Options

9 Months Ended

Sep. 30, 2014

Notes to Financial Statements

Stock Options

The following table summarizes information about stock options outstanding and exercisable at September 30, 2014:

			Options Outstanding												Options Exercisable
Exercise Price Range			Number				Weighted Average Remaining Contractual Life (in Years)				Weighted Average Exercise Price				Number
$0.01 - $1.00				19,700				7.31			$	0.01				19,700
$1.01 - $2.00				9,050				6.65			$	1.76				9,050
$2.01 - $3.00				37,986				4.43			$	2.49				20,486
$3.01 - $4.00				15,150				7.50			$	3.33				15,150
$4.01 - $8.00				98,750				6.57			$	7.76				23,750
$8.01 - $10.00				40,000				3.89			$	8.25				12,500
$10.01-$13.49				40,000				4.44			$	13.49				5,000
Total				260,636				5.63			$	6.90				105,636

As of September 30, 2014, the Company had unrecognized stock compensation related to the options of $1,084,164.

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- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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