7. Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2016

Notes to Financial Statements

Weighted average assumptions

The following weighted average assumptions were used for grants during the following periods:

	Three months ended
	March 31,
	2016			2015
Dividend Yield		3.18	%		na
Volatility		31.61	%		na
Risk-Free Interest Rate		1.11	%		na
Expected Life		3.25 years			na

Schedule of Stock Options Activity

A summary of stock option activity under the Company’s 2014 Plan for the three months ended March 31, 2016 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, 2016		339,750	$	6.34		3.36	$	904,775
Granted		25,000	$	7.85			$	10,250
Exercised		—	$	—			$	—
Forfeited		—	$	—			$	—
Outstanding at March 31, 2016		364,750	$	6.44		3.24	$	663,610
Vested and Exercisable at March 31, 2016		197,875	$	6.26		3.12	$	394,854