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7 - SHARE BASED COMPENSATION
 12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
7  -  SHARE BASED COMPENSATION

Our 2005 Stock Incentive Plan (the “Plan”) authorizes the issuance of up to 1,000,000 shares pursuant to options or awards granted under the plan.  Under the Plan, incentive stock and nonstatutory options were granted at prices equal to at least the fair market value of our Class A common stock at the date of grant.  Outstanding options vest in three equal annual installments beginning one year from the date of grant and are subject to termination provisions as defined in the Plan.

Stock option activity during the periods indicated is as follows:

   
Number of Shares
    
Weighted Average Exercise Price
    
Weighted Average Remaining Contractual Term (Years)
    
Aggregate Intrinsic Value
  
                         
Outstanding at December 31, 2015
    
456,000
    
$
1.20
      
4.6
    
$
17,000
  
  Grants
    
-
                          
  Forfeited
    
(80,000
)
                        
Outstanding at December 31, 2016
    
376,000
      
1.07
      
4.1
    
$
71,600
  
  Exercised
    
(40,000
)
    
1.00
                  
  Forfeited
    
(5,000
)
    
1.09
                  
Outstanding at December 31, 2017
    
331,000
      
1.08
      
3.5
    
$
204,400
  
Exercisable at December 31, 2017
    
304,666
    
$
1.08
      
3.4
    
$
167,200
  

At December 31, 2017, the range of individual weighted average exercise prices was $.98 to $1.10 and the unamortized compensation expense was approximately $1,000.