COMMON STOCK, STOCK OPTIONS, AND STOCK APPRECIATION RIGHTS (Tables)

12 Months Ended

Dec. 31, 2014

COMMON STOCK, STOCK OPTIONS, AND STOCK APPRECIATION RIGHTS [Abstract]

Stock Option Activity

Transactions with respect to the Company’s stock option plan for the years ended December 31, 2014 and 2013 are as follows:

	Number of Shares			Weighted Average Exercise Price
Outstanding at January 1, 2013		665,500		$	2.1983
Exercised		(15,000	)		1.0000
Forfeited		(3,000	)		3.0100
Granted		--			--
Outstanding at December 31, 2013		647,500		$	2.2223
Exercised		(153,000	)		1.0147
Forfeited		(11,000	)		6.8645
Granted		--			--
Outstanding at December 31, 2014		483,500		$	2.4988

Summary of Stock-based Compensation Expense

The following table summarizes the stock-based compensation expense for stock options that was recorded in the Company’s results of operations in accordance with ASC 718 for the years ended December 31:

	2014		2013
Data and product costs	$	11,780	$	11,987
Selling, general and administrative costs		113,739		134,247
	$	125,519	$	146,234

Stock Options Outstanding by Price Range

The following table summarizes information about the Company’s stock options outstanding at December 31, 2014:

	Options Outstanding						Options Exercisable
Range of Exercise Prices	Number Outstanding		Weighted Average Remaining Contractual Life (in years)		Weighted Average Exercise Price		Number Exercisable		Weighted Average Exercise Price
$1.00 - $ 1.20		182,500		0.40	$	1.0000		182,500	$	1.0000
$1.21 - $ 2.40		110,000		1.36	$	1.6673		80,000	$	1.4000
$2.41 - $ 3.99		52,500		7.53	$	3.0100		-		-
$4.00 - $ 7.25		138,500		5.45	$	4.9404		-		-
		483,500		2.84	$	2.4988		262,500	$	1.1219