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8. STOCK INCENTIVE PLAN (Tables) | 12 Months Ended
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Dec. 31, 2014
Stock Incentive Plan Tables |
Stock options outstanding |
|  | 2014 |  |  | 2013 |
|  | Weighted Average Exercise |  |  | Weighted Average Exercise |
|  | Shares |  |  | Price |  |  | Shares |  |  | Price |
Outstanding at beginning of period |  |  | 260,200 |  |  | $ | 3.82 |  |  |  | 311,200 |  |  | $ | 3.76 |
Granted |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Exercised |  |  | (37,229 | ) |  |  | 3.99 |  |  |  | (51,000 | ) |  |  | 3.48 |
Forfeited |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Outstanding at end of period |  |  | 222,971 |  |  | $ | 3.79 |  |  |  | 260,200 |  |  | $ | 3.82 |
Stock options outstanding vested and expected to vest |
|  | 2014 |  |  | 2013 |
Intrinsic value of options exercised in the period |  | $ | 64,383 |  |  | $ | 92,952 |
Stock options fully vested and expected to vest |  |  | 222,971 |  |  |  | 260,200 |
Weighted average exercise price |  | $ | 3.79 |  |  | $ | 3.82 |
Aggregate intrinsic value |  | $ | 447,611 |  |  | $ | 642,548 |
Weighted average contractual term of options |  | 1.64 years |  |  | 2.47 years |
Stock options vested and currently exercisable |  |  | 188,971 |  |  |  | 199,200 |
Weighted average exercise price |  | $ | 3.90 |  |  | $ | 4.01 |
Aggregate intrinsic value |  | $ | 358,561 |  |  | $ | 453,528 |
Weighted average contractual term of options |  | 1.28 years |  |  | 1.92 years |
Weighted-average options outstanding and exercisable |
|  |  | Options Outstanding |  |  | Options Exercisable |
|  |  |  |  |  | Weighted |  |  |  |  |  |  |  |  |  |
|  |  | Number |  |  | Average |  |  | Weighted |  |  | Number |  |  | Weighted |
|  |  | Outstanding at |  |  | Remaining |  |  | Average |  |  | Exercisable at |  |  | Average |
Exercise |  |  | December 31, |  |  | Contractual |  |  | Exercise |  |  | December 31, |  |  | Exercise |
Price |  |  | 2014 |  |  | Life |  |  | Price |  |  | 2014 |  |  | Price |
| 2.99 |  |  |  | 4,000 |  |  |  | 0.12 |  |  |  | 2.99 |  |  |  | 4,000 |  |  |  | 2.99 |
| 3.09 |  |  |  | 22,971 |  |  |  | 6.56 |  |  |  | 3.09 |  |  |  | 8,971 |  |  |  | 3.09 |
| 3.24 |  |  |  | 80,000 |  |  |  | 1.55 |  |  |  | 3.24 |  |  |  | 60,000 |  |  |  | 3.24 |
| 3.76 |  |  |  | 62,000 |  |  |  | 0.58 |  |  |  | 3.76 |  |  |  | 62,000 |  |  |  | 3.76 |
| 5.00 |  |  |  | 54,000 |  |  |  | 0.99 |  |  |  | 5.00 |  |  |  | 54,000 |  |  |  | 5.00 |
$2.99 - $ 5.00 |  |  |  | 222,971 |  |  |  | 1.64 |  |  | $ | 3.79 |  |  |  | 188,971 |  |  | $ | 3.90 |

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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of the number of fully vested share options (or share units) and share options expected to vest at the date of the latest statement of financial position, weighted-average exercise price (or conversion ratio), aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term for both options (or share units) currently outstanding and options (or share units) exercisable (or convertible). + 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 (e) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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