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Stock Options and Award Programs (Tables)
6 Months Ended
Jun. 30, 2015
Stock Options and Award Programs [Abstract]  
Schedule of Nonvested Share Activity [Table Text Block]
A summary of stock option and RSA activity as of June 30, 2015, and changes during six month period ended June 30, 2015 is set forth below:
 
 
 
Restricted Stock
 
Stock Options
 
 
 
 
 
Weighted
 
 
 
Weighted
 
 
 
 
 
Average
 
 
 
Average
 
NON-VESTED AWARDS
 
Shares
 
Exercise Price
 
Shares
 
Exercise Price
 
 
 
(Unaudited)
 
Non-vested balances, January 1, 2015
 
 
205,952
 
$
1.22
 
 
1,340,838
 
$
0.57
 
Granted
 
 
-
 
 
 
 
180,000
 
$
0.70
 
Cancelled
 
 
-
 
 
 
 
(250,000)
 
$
0.39
 
Vested
 
 
(35,714)
 
$
1.22
 
 
(416,666)
 
$
0.27
 
Non-vested balances, June 30, 2015
 
 
170,238
 
$
1.22
 
 
854,172
 
$
0.80
 
 
A summary of stock option and RSA activity as of June 30, 2014, and changes during six month period ended June 30, 2014 is set forth below:
 
 
 
Restricted Stock
 
Stock Options
 
 
 
 
 
 
Weighted
 
 
 
 
Weighted
 
 
 
 
 
 
Average
 
 
 
 
Average
 
NON-VESTED AWARDS
 
Shares
 
Exercise Price
 
Shares
 
Exercise Price
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Unaudited)
 
Non-vested balances, January 1, 2004
 
 
277,381
 
$
1.22
 
 
1,900,000
 
$
0.36
 
Granted
 
 
-
 
 
-
 
 
360,000
 
$
1.03
 
Vested
 
 
(35,714)
 
$
1.22
 
 
(594,162)
 
$
0.30
 
Non-vested balances, June 30, 2014
 
 
241,667
 
$
1.22
 
 
1,665,838
 
$
0.53
 
Schedule Of Share-Based Compensation, Stock Options, Activity [Table Text Block]
 
 
Restricted Stock
 
Stock Options
 
 
 
 
 
Weighted
 
 
 
Weighted
 
 
 
 
 
Average
 
 
 
Average
 
OUTSTANDING AND EXERCISABLE AWARDS
 
Shares
 
Exercise Price
 
Shares
 
Exercise Price
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Unaudited)
 
Awards outstanding, January 1, 2015
 
 
294,048
 
$
1.22
 
 
2,791,601
 
$
0.83
 
Granted
 
 
-
 
 
-
 
 
180,000
 
$
1.45
 
Canceled
 
 
-
 
 
-
 
 
(250,000)
 
$
0.74
 
Exercised
 
 
-
 
 
-
 
 
(825,029)
 
$
0.81
 
Vested
 
 
35,714
 
$
1.22
 
 
-
 
 
-
 
Awards outstanding, June 30, 2015
 
 
329,762
 
$
1.22
 
 
1,896,572
 
$
0.91
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Awards vested and expected to vest,  June 30, 2015
 
 
329,762
 
$
1.22
 
 
1,896,572
 
$
0.91
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Awards outstanding and exercisable,  June 30, 2015
 
 
-
 
 
-
 
 
1,042,400
 
$
0.68
 
 
 
 
Restricted Stock
 
Stock Options
 
 
 
 
 
Weighted
 
 
 
Weighted
 
 
 
 
 
Average
 
 
 
Average
 
OUTSTANDING AND EXERCISABLE AWARDS
 
Shares
 
Exercise Price
 
Shares
 
Exercise Price
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Unaudited)
 
Awards outstanding, January 1, 2004
 
 
222,619
 
$
1.22
 
 
3,336,500
 
$
0.72
 
Granted
 
 
-
 
 
-
 
 
360,000
 
$
1.45
 
Exercised
 
 
-
 
 
-
 
 
(75,000)
 
$
0.45
 
Vested
 
 
35,714
 
$
1.22
 
 
-
 
 
-
 
Awards outstanding, June 30, 2014
 
 
258,333
 
$
1.22
 
 
3,621,500
 
$
0.79
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Awards vested and expected to vest,  June 30, 2014
 
 
258,333
 
$
1.22
 
 
3,621,500
 
$
0.79
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Awards outstanding and exercisable,  June 30, 2014
 
 
-
 
 
-
 
 
1,955,662
 
$
0.73
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]
The weighted-average remaining contractual life and the aggregate intrinsic value (the amount by which the fair value of the Company’s stock exceeds the exercise price of the option) of the stock options outstanding, exercisable, and vested and expected to vest as of June 30, 2015 are as follows:
 
 
 
 
 
Vested and
 
Outstanding
 
 
 
 
 
Expected to
 
and
 
 
 
Outstanding
 
Vest
 
Exercisable
 
 
 
(Unaudited)
 
Weighted-average remaining contractual life (in years)
 
 
3.8
 
 
3.8
 
 
3.5
 
Aggregate intrinsic value
 
$
1,455,465
 
$
1,455,465
 
$
1,046,851