Stock Options Plans

3 Months Ended

Jun. 30, 2011

Equity

Shareholders' Equity and Share-based Payments [Text Block]

NOTE 11 - Stock Option Plans

On November 25, 2005, shareholders of the Company approved the 2005 Stock Option Plan making a total of 400,000 common stock options available for issuance.  The Company did not record stock-based compensation expense for the three or six month periods ending June 30, 2011 and 2010, as no options were earned during these periods.  At June 30, 2011, the Company had no common stock options outstanding.

Kent International Stock Options Plans

Kent International has issued certain common stock options to its employees, directors and consultants.  At June 30, 2011 and December 31, 2010, Kent International had 100,000 common stock options outstanding.  Any exercises of these common stock options could have a dilutive effect on the percentage of Kent International owned by the Company.