XML 29 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
7 - SHARE BASED COMPENSATION
 9 Months Ended
Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
7 – 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 option activity during the three months ended September 30, 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
    78,000                          
  Forfeited
    (81,500 )                        
Outstanding at September 30, 2014
    392,500       1.24       5.1     $ 22,600  
Exercisable at September 30, 2014
    272,834     $ 1.35       4.4     $ 11,100  

At September 30, 2014 the range of individual outstanding weighted average exercise prices was $0.98 to $1.59.