Stock-Based Compensation; Changes in Equity (Tables)

9 Months Ended

Sep. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of the Company’s stock option activity and related information is as follows:

		Weighted		Weighted
	Shares	Average		Average	Aggregate
	under	Exercise		Remaining Contractual	Intrinsic
	Option	Price		Life	Value
Balance at December 31, 2013	228,500	$	5.23	3.0	$	161,250
Granted	-		-
Cancelled	-		-
Exercised	-		-
Outstanding at September 30, 2014	228,500	$	5.23	2.3	$	30,090

Exercisable at September 30, 2014	120,182	$	4.92	2.0	$	30,090

Schedule of Stockholders Equity Note, Warrants or Rights [Table Text Block]

A summary of the Company’s stock warrant activity and related information is as follows:

		Weighted		Weighted
	Shares	Average		Average	Aggregate
	under	Exercise		Remaining Contractual	Intrinsic
	Warrant	Price		Life	Value
Balance at December 31, 2013	140,048	$	0.01	8.5	$	816,480
Granted
Cancelled	-		-
Exercised	-		-
Outstanding at September 30, 2014	140,048	$	0.01	7.8	$	544,787

Exercisable at September 30, 2014	-		-	-		-

Schedule Of Share Based Compensation Arrangement By Share Based Payment Award Options Vested Outstanding By Grant Date [Table Text Block]

A summary of the Company’s stock option activity by grant date as of September 30, 2014 is as follows:

	Options Outstanding						Options Vested
Options by Grant Date	Shares	Weighted Avg.		Remain. Life	Intrinsic Val		Shares	Weighted Avg.		Remain. Life	Intrinsic Val
Dec 2005	29,500	$	2.88	1.3	$	30,090	29,500	$	2.88	1.3	$	30,090
Dec 2010	72,000		6.14	1.3		-	39,750		5.97	1.3		-
Jan 2011	8,000		5.96	1.3		-	5,332		5.96	1.3		-
Nov 2012	109,000		5.17	3.2		-	43,600		5.17	3.2		-
Nov 2013	10,000		5.75	4.1		-	2,000		5.75	4.1		-
TOTAL	228,500	$	5.23	2.3	$	30,090	120,182	$	4.92	2.0	$	30,090

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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