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STOCK OPTION PLAN | 9 Months Ended
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Sep. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] |
| NOTE 4 | STOCK OPTION PLAN
The Company has also granted non-qualified stock options to employees and contractors. All non-qualified options are generally issued with an exercise price equal to the closing price of the Common Stock on the date of the grant. Options may be exercised up to ten years following the date of the grant, with vesting schedules determined by the Company upon grant. Vesting periods range from 100% fully vested upon grant to a range of four to five years. Vested options may be exercised up to three months following date of termination of the relationship. The fair values of options are determined using the Black-Scholes option-pricing model. The estimated fair value of options is recognized as an expense on the straight-line basis over the options’ vesting periods. Stock option transactions during the nine months ended September 30, 2013 were as follows:
|  | Nine months ended September 30, 2013 |
|  |  |  | Weighted - |
|  |  |  | Average |
|  | Shares |  | Exercise Price |
Outstanding at Beginning of Year |  |  | 5,038,512 |  | $ | 0.91 |
Granted |  |  | 160,000 |  |  | 1.63 |
Exercised |  |  | (244,500) |  |  | - |
Forfeited or Canceled |  |  | (155,000) |  |  | 1.09 |
Outstanding at End of Period |  |  | 4,799,012 |  |  | 0.93 |
Options Exercisable at Period-End |  |  | 3,566,628 |  |  | 1.25 |
Weighted-Average Fair Value of Options Granted During the Period |  | $ | 0.27 |  |  |  |
Information with respect to stock options outstanding and exercisable as of September 30, 2013 is as follows:
|  | Options Outstanding |  | Options Exercisable |
|  | Number |  | Weighted - |  |  |  | Number |  |  |
|  | Outstanding |  | Average |  | Weighted - |  | Exercisable |  | Weighted - |
Range of |  | at |  | Remaining |  | Average |  | At |  | Average |
Exercise |  | Sept. 30, |  | Contractual |  | Exercise |  | Sept. 30, |  | Exercise |
Prices |  | 2013 |  | Life |  | Price |  | 2013 |  | Price |
$ 0.10 - $1.80 |  |  | 4,799,012 |  |  | 8.2 Years |  | $ | 0.93 |  |  | 3,566,628 |  | $ | 1.25 |
The fair value of each option granted is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions used for options granted.
|  | 2013 |  |
Expected Life |  |  | 5 yrs |  |
Dividend Yield |  |  | 0 | % |
Expected Volatility |  |  | 26.28 | % |
Risk-Free Interest Rate |  |  | 0.85 | % |
Expected volatility for 2013 was estimated by using the Dow Jones U.S. Industry indexes sector classification methodology for industries similar to the Company. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the grant date. The expected life of the options is based on management’s estimate using historical experience.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
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