XML 37 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
Employment and Stock Option Agreements (Tables)
12 Months Ended
Dec. 31, 2013
Employment and Stock Option Agreements [Abstract]  
Schedule of information about stock options
 
Exercise
   
Number
 
Remaining
 
Number
 
Price
   
Outstanding
 
Contractual Life
 
Exercisable
 
                 
$ 1.25       1,605,000  
4  years
    1,605,000  
$ 1.00       45,000  
6  years
    33,750  
$ 0.62       500,000  
6  years
    500, 000  
$ 0.17       500,000  
9  years
    500,000  
$ 0.25       180,000  
10 years
    120,000  
$ 0.35       100,000  
10 years
    33,333  
$ 0.30       60,000  
10 years
    20,000  
$ 0.45       25,000  
10 years
    8,333  
          3,015,000         2,820,416  
 
Schedule of option input into a Black Scholes option pricing model
 
Exercise price
  $ .17 to $1.25  
Term
 
10 years
 
Volatility
 
0.38 to 2.50
 
Dividends
    0 %
Discount rate
 
0.02% to 4.75%
Schedule of stock option activity and weighted average exercise price

   
2013
   
2012
   
2011
 
   
Options
   
Price
   
Options
   
Price
   
Options
   
Price
 
Outstanding at beginning of year
    2,830,000       0.88       2,430,000       1.12       2,440,000       1.10  
        Granted
    195,000       0.35       680,000       0.19       -       -  
        Cancelled
    (10,000 )     0.45       (280,000 )     1.25       (10,000 )     1.00  
        Exercised
    -       -       -       -       -       -  
Outstanding at end of year
    3,015,000       0.85       2,830,000       0.88       2,430,000       1.12  
                                                 
Exercisable at end of year
    2,820,416       0.88       2,198,750       1.08       2,401,250       1.12