8. Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2014

Notes to Financial Statements

Schedule of Stock Options Activity

A summary of option activity under the Company’s 2005 Plan for the three months ended March 31, 2014 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, 2014		321,365	$	3.36		2.26	$	1,257,936
Granted		-	$	-		-	$	-
Exercised		-	$	-		-	$	-
Forfeited		-	$	-		-	$	-
Outstanding at March 31, 2014		321,365	$	3.36		2.01	$	1,161,527
Vested and Exercisable at March 31, 2014		244,490	$	2.77		1.25	$	1,027,464