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9. STOCK INCENTIVE PLAN

12 Months Ended

Dec. 31, 2018

Equity [Abstract]

STOCK INCENTIVE PLAN

The Company had a stock incentive plan, originally created in 1992, most recently amended in 2001. No additional grants may be made under the plan. All stock options contained an exercise price that was equal to the fair market value of the Company’s stock on the date the options were granted.

The following table presents information on stock options outstanding for the periods shown:

		2018								2017
		Weighted Average Exercise								Weighted Average Exercise
		Shares				Price				Shares				Price

Outstanding at beginning of period			-			$	-				7,000			$	3.09
Granted			-				-				-				-
Exercised			-				-				(7,000	)			3.09
Forfeited			-				-				-				-

Outstanding at end of period			-			$	-				-			$	-

The following table presents information on stock options outstanding for the periods shown:

		2018				2017

Intrinsic value of options exercised in the period		$	-			$	33,440
Stock options fully vested and expected to vest			-				-
Weighted average exercise price		$	-			$	-
Aggregate intrinsic value		$	-			$	-
Weighted average contractual term of options			-				-
Stock options vested and currently exercisable			-				-
Weighted average exercise price		$	-			$	-
Aggregate intrinsic value		$	-			$	-
Weighted average contractual term of options			-				-

There were no options outstanding and exercisable at December 31, 2018 and 2017.

No stock compensation expense was recognized for the years ended December 31, 2018 and 2017. As of December 31, 2018, there was no unrecognized compensation expense related to stock options.