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7 - SHARE BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2014

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

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

The option activity during the three months ended March 31, 2014 is as follows:

		Number of Shares				Weighted Average Exercise Price				Weighted Average Years Remaining Contractual Term				Aggregate Intrinsic Value
Outstanding at December 31, 2013			396,000			$	1.34				4.4			$	19,300
Grants			-
Forfeited			-
Outstanding at March 31, 2014			396,000				1.34				4.2			$	19,300
Exercisable at March 31, 2014			278,667			$	1.47				3.5			$	10,200

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- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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