Stock-Based Compensation; Changes in Equity (Tables)

3 Months Ended

Mar. 31, 2017

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		Average
	Shares		Average		Remaining		Aggregate
	under		Exercise		Contractual		Intrinsic
	Option		Price		Life		Value
Balance at December 31, 2016		143,094	$	5.22		2.9	$	89,494
Granted		-		-		-		-
Cancelled/Expired		-		-		-		-
Exercised		-		-		-		-
Outstanding at March 31, 2017		143,094	$	5.22		1.7	$	69,661

Exercisable at March 31, 2017		84,075	$	5.20		1.0	$	42,739

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		Average
	Shares		Average		Remaining		Aggregate
	under		Exercise		Contractual		Intrinsic
	Warrant		Price		Life		Value
Balance at December 31, 2016		216,723	$	2.48		4.49	$	817,880
Granted		-		-		-		-
Cancelled		-		-		-		-
Exercised		-		-		-		-
Outstanding at March 31, 2017		216,723	$	2.48		4.25	$	798.274

Exercisable at March 31, 2017		76,675	$	7.00		2.33		-

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 March 31, 2017 is as follows:

	Options Outstanding								Options Vested
Options by			Weighted		Remain.		Intrinsic				Weighted		Remain.
Grant Date	Shares		Avg.		Life		Val		Shares		Avg.		Life		Intrinsic Val
Dec 2005		-		-		-		-		-		-		-		-
Dec 2010		-		-		-		-		-		-		-		-
Jan 2011		-		-		-		-		-		-		-		-
Nov 2012		90,000	$	5.17		0.7	$	48,600		72,000	$	5.17		0.7	$	38,880
Nov 2013		5,000	$	5.75		1.6	$	0		3,000	$	5.75		1.6	$	0
Dec 2015		48,094	$	5.27		3.8	$	21,061		9,075	$	5.27		3.8	$	3,859
TOTAL		143,094	$	5.22		1.7	$	69,661		84,075	$	5.20		1.0	$	42,739

- 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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