4) Stock-based Compensation: Schedule of stock inventive plan changes (Tables)

6 Months Ended

Jun. 30, 2015

Tables/Schedules

Schedule of stock inventive plan changes

	Number of Class A Shares	Weighted Average Exercise Price	Number of Class C Shares	Weighted Average Exercise Price
Outstanding at December 31, 2014	512,795	$      3.20	691,591	$      2.00
Granted	-		-
Exercised	(15,406)	1.89	(114,023)	2.14
Cancelled	(8,846)	2.31	-
Outstanding at June 30, 2015	488,543	$      3.25	577,568	$      2.62
As of June 30, 2015:
Options exercisable	409,961	$      2.99	511,318	$      2.34
As of June 30, 2015:
Available options for future grant	266,649		-
Weighted average contractual term of options
outstanding at June 30, 2015	7.37 years		2.69 years
Weighted average contractual term of options
exercisable at June 30, 2015	6.99 years		2.35 years
Aggregated intrinsic value of options
outstanding at June 30, 2015 (1)	$1,698,099		$2,375,472
Aggregated intrinsic value of options
exercisable at June 30, 2015 (1)	$1,534,777		$2,242,810
(1) The Company used a stock price of $6.73 as of June 30, 2015 to derive intrinsic value.

A summary of the status of the Company’s stock incentive plans as of June 30, 2014, and the changes during the six months ended June 30, 2014, are presented below:

	Number of Class A Shares	Weighted Average Exercise Price	Number of Class C Shares	Weighted Average Exercise Price
Outstanding at December 31, 2013	405,133	$      2.41	508,656	$      2.00
Granted	-		-
Exercised	(34,955)	1.44	-
Cancelled	(1,838)	2.92	-
Outstanding at June 30, 2014	368,340	$      2.50	508,656	$      2.00
As of June 30, 2014:
Options exercisable	325,243	$      2.23	482,406	$      1.84
As of June 30, 2014:
Available options for future grant	314,480		105,000
Weighted average contractual term of options
outstanding at June 30, 2014	6.77 years		2.11 years
Weighted average contractual term of options
exercisable at June 30, 2014	6.42 years		1.99 years
Aggregated intrinsic value of options
outstanding at June 30, 2014 (1)	$690,130		$1,194,177
Aggregated intrinsic value of options
exercisable at June 30, 2014 (1)	$689,924		$1,194,177
(1) The Company used a stock price of $4.27 as of June 30, 2014 to derive intrinsic value.