Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v2.4.0.8
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2013
Share-Based Compensation [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of stock option activity is presented in the tables below.
 
 
 
Number
of
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life
(in Years)
 
Options outstanding at December 31, 2011
 
 
3,250,000
 
$
0.884
 
 
 
 
Granted
 
 
1,200,000
 
 
0.796
 
 
 
 
Exercised
 
 
(100,000)
 
 
0.333
 
 
 
 
Expired
 
 
(600,000)
 
 
0.889
 
 
 
 
Options outstanding at December 31, 2012
 
 
3,750,000
 
 
0.870
 
 
 
 
Granted
 
 
—
 
 
—
 
 
 
 
Exercised
 
 
—
 
 
—
 
 
 
 
Expired
 
 
(100,000)
 
 
1.650
 
 
 
 
Options outstanding at June 30, 2013
 
 
3,650,000
 
$
0.848
 
 
2.59
 
 
 
 
 
 
 
 
 
 
 
 
Options exercisable at December 31, 2012
 
 
3,512,500
 
$
0.876
 
 
 
 
Options exercisable at June 30, 2013
 
 
3,550,000
 
$
0.854
 
 
2.55
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
The exercise prices of common stock options outstanding and exercisable are as follows at June 30, 2013: 
 
 
 
 
Options
 
Options
 
Exercise
 
Outstanding
 
Exercisable
 
Prices
 
(Shares)
 
(Shares)
 
 
 
 
 
 
 
 
 
 
$
0.333
 
 
300,000
 
 
300,000
 
$
0.500
 
 
200,000
 
 
200,000
 
$
0.650
 
 
700,000
 
 
600,000
 
$
0.980
 
 
450,000
 
 
450,000
 
$
1.000
 
 
2,000,000
 
 
2,000,000
 
 
 
 
 
3,650,000
 
 
3,550,000