XML 38 R29.htm IDEA: XBRL DOCUMENT v3.3.1.900
7. Stock Option Plans (Tables)
 12 Months Ended
Dec. 31, 2014
Schedule stock options under the 2009 Stock Option Plan
Assumptions   2009 Stock Option Plan and the 2009 Directors Stock Option Plan
     
Expected life   2.75 (yrs) - 3.5 (yrs)
     
Expected volatility   48.32% - 67.08%
     
Risk-free interest rate   0.35% - 1.88%
     
Expected dividend yield   0.00%
Schedule of assumptions for option valuation
Assumptions   2009 Stock Option Plan and the 2009 Directors Stock Option Plan
     
Expected life   2.75 (yrs) - 3.5 (yrs)
     
Expected volatility   48.32% - 67.08%
     
Risk-free interest rate   0.35% - 1.88%
     
Expected dividend yield   0.00%
Stock Option Plan 2009  
Plan Activity
    Number of shares    

Weighted average

exercise price

  
Balance as of January 1, 2013     970,000     $ 0.51  
Granted     1,505,000       0.25  
Exercised     ––       ––  
Expired     (160,000 )     0.25  
Balance as of December 31, 2013     2,315,000     $ 0.35  
Granted     50,000     $ 0.12  
Exercised     ––       ––  
Expired     (674,500 )     0.49  
Balance as of December 31, 2014     1,690,500     $ 0.29  
Schedule stock options under the Plan
      Options Outstanding     Options Exercisable  

Exercise

Prices

    

Number

Outstanding

     Weighted Average Remaining Contractual Life     Weighted Average Exercise Price    

Number

Exercisable

     Weighted Average Exercise Price  
$ 0.48       345,500       1.20     $ 0.48       345,500     $  0.48  
$ 0.25       1,295,000       3.10     $ 0.25       971,250     $  0.25  
$ 0.12       50,000       4.10     $ 0.12       12,500     $ 0.12  
$ 0.12 to 0.48       1,690,500       2.74     $ 0.29       1,329,250     $ 0.32  
Directors Plan  
Plan Activity
   

Number of

shares

    

Weighted average

exercise price

  
Balance as of January 1, 2013     210,000       0.35  
Granted     60,000       0.18  
Exercised     ––       ––  
Expired     ––       ––  
Balance as of December 31, 2013     270,000       0.31  
Granted     60,000       0.13  
Exercised     ––       ––  
Expired     (165,000 )     ––  
Balance as of December 31, 2014     165,000     $ 0.24  
Schedule stock options under the Plan
      Options Outstanding     Options Exercisable  
Exercise Prices    

Number

Outstanding

    

Weighted Average

Remaining Contractual Life

    

Weighted Average

Exercise Price

    

Number

Exercisable

    

Weighted Average

Exercise Price

  
$ 0.12-0.14       45,000       4.32     $ 0.13       30,000     $ 0.13  
                                             
$ 0.16-0.20       30,000       3.30     $ 0.18       30,000     $ 0.18  
                                             
$ 0.25-0.26       30,000       2.30     $ 0.26       30,000     $ 0.26  
                                             
$ 0.27-0.41       30,000       .40     $ 0.34       30,000     $ 0.34  
                                             
$ 0.35-0.36       30,000       1.30     $ 0.36       30,000     $ 0.36  
$ 0.12-0.41       165,000       2.5     $ 0.24       165,000     $ 0.24