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8 - SHARE BASED COMPENSATION
 6 Months Ended
Jun. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
8 – SHARE BASED COMPENSATION

Accounting for stock options issued to employees measures the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award.  That cost is recognized over the period during which an employee is required to provide service in exchange for the award.  Outstanding options to purchase Class A common stock (“the Options”) vest in three equal annual installments beginning one year from the date of grant and are subject to termination provisions as defined in our 2005 Stock Incentive Plan.  The fair value of options was determined using the Black-Scholes option-pricing model with the following weighted average assumptions for 2012: dividend yield of 0%,; expected volatility of 40%; risk free interest rate of approximately 1.47% and an expected holding period of five years.  The total value of the options granted in 2012 was $73,000, which is expected to be amortized through August 2014.  We granted 20,000 shares of options and forfeited those options during the six months ended June 30, 2013.   The option activity during the three months ended June 30, 2013 is as follows:

   
Number of Shares
   
Weighted Average Exercise Price
   
Weighted Average Years Remaining Contractual Term
   
Aggregate Intrinsic Value
 
                         
Outstanding at December 31, 2012
    454,500     $ 1.35       4.6     $ 12,000  
  Grants
    20,000       0.92       8.7          
  Forfeited
    (20,000 )     1.73                  
Outstanding at June 30, 2013
    454,500       1.31       4.4     $ 3,800  
Exercisable at June 30, 2013
    271,502     $ 1.47       3.1     $ 2,900  

At June 30, 2013 the range of individual outstanding weighted average exercise prices was $0.93 to $1.80.