8. Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2013

Notes to Financial Statements

Weighted average assumptions

The following weighted average assumptions were used for grants during the nine months ended September 30, 2013:

Dividend Yield		3.14	%
Volatility		46.71	%
Risk-Free Interest Rate		.79	%
Expected Life	3.25 years

Schedule of Stock Options Activity

A summary of option activity under the Company’s 2005 Plan for the nine months ended September 30, 2013 is as follows:

Stock Options	Number of Shares			Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 1, 2013		235,115		$	2.58		2.24	$	539,485
Granted		67,500		$	5.09		-	$	12,150
Exercised		(1,250	)	$	2.37		-	$	(2,963	)
Forfeited		-		$	-		-	$	-
Outstanding at September 30, 2013		301,365		$	3.14		2.26	$	642,056
Vested and Exercisable at September 30, 2013		240,740		$	2.66		1.63	$	628,344