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8 - SHARE BASED COMPENSATION
 9 Months Ended
Sep. 30, 2016
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 option activity during the nine months ended September 30, 2016 is as follows:

   
Number of Shares
    
Weighted Average Exercise Price
    
Weighted Average Years Remaining Contractual Term
    
Aggregate Intrinsic Value
  
                         
Outstanding at December 31, 2015
    
456,000
    
$
1.20
      
4.3
    
$
17,000
  
  Grants
    
-
                          
  Forfeited
    
(45,000
)
    
1.33
                  
Outstanding at September 30, 2016
    
411,000
      
1.19
      
4.0
    
$
58,300
  
Exercisable at September 30, 2016
    
333,333
    
$
1.23
      
3.5
    
$
34,100
  

At September 30, 2016 the range of individual outstanding weighted average exercise prices was $0.98 to $1.37.