XML 26 R29.htm IDEA: XBRL DOCUMENT
v2.4.0.8

EMPLOYEE STOCK OPTION PLANS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
EMPLOYEE STOCK OPTION PLANS [Abstract] |
Weighted-average assumptions used for options granted | The estimated fair value of each option award granted under the 2009 plan, was determined on the date of grant using the Black-Scholes option valuation model. The following weighted average assumptions were used for option grants during the years ended December 31, 2013, 2012 and 2011:
| 2013 | 2012 | 2011
Risk-free interest rate | 0.72% | 0.90% | 2.08%
Expected volatility | 106.0% | 101.8% | 100.9%
Dividend yield | 0% | 0% | 0%
Expected option term-in years | 5 | 5 | 5
Stock option activity | A summary of the status of the Company’s stock option plans is as follows:
Fixed Options | Options | Weighted average Exercise Price | Weighted average remaining contractual term (in years) | Aggregate Intrinsic Value
Outstanding |  |  |  |
at January 1, 2011 | 780,333 | $6.68 | 2.92 |
Granted during period | 80,000 | 14.90 |  |
Exercised | (165,333) | 3.72 |  |
Outstanding |  |  |  |
at December 31, 2011 | 695,000 | $8.33 | 2.66 |
Granted during period | 40,517 | 11.87 |  |
Exercised | (240,000) | 6.85 |  |
Outstanding |  |  |  |
at December 31, 2012 | 495,517 | $9.33 | 2.73 |
Granted during period | 46,402 | 10.64 |  |
Exercised | (45,000) | 6.70 |  |
Forfeited/Expired | (35,000) | 8.20 |  |
Outstanding |  |  |  |
at December 31, 2013 | 461,919 | 9.80 | 2.28 | $2,471,917
Vested |  |  |  |
at December 31, 2013 | 461,919 | 9.80 | 2.28 | $2,471,917

X
- Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + 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 (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration