8. Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Schedule of Stock Options Activity

A summary of option activity under the Company’s 2005 Plan for the six months ended June 30, 2015 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, 2015	421,250	$               5.16	3.13	$    1,258,013
Granted	-	$                  -	-	$                   -
Exercised	(120,000)	$               2.50	-	$       650,400
Forfeited	-	$                  -	-	$                   -
Outstanding at June 30, 2015 (1)	301,250	$               6.22	3.79	$       414,325
Vested and Exercisable at June 30, 2015	112,500	$               6.06	3.75	$       173,038

(1) On August 12, 2014, an additional 50,000 options were granted under the 2014 Plan, which is subject to shareholder approval. The shareholders approved the 2014 Plan on August 11, 2015.