Stock Warrants

3 Months Ended

Mar. 31, 2015

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

10. Stock Warrants

Stock Warrant activity for the quarters ended March 31, 2015 and 2014 consisted of:

	2015				2014
			Weighted				Weighted
	Number of		Average		Number of		Average
	Warrants		Exercise Price		Warrants		Exercise Price
Balance at January 1,		84,000	$	1.21		354,546	$	1.21
Changes during the period:
Stock warrants granted		-		-		-		-
Stock warrants expired		-		-		-		-
Stock warrants exercised		-		-		(270,546)		1.21
Balance at March 31,		84,000	$	1.21		84,000	$	1.21

In connection with the private placement of the Company’s common stock on December 8, 2010, the Company granted common stock warrants to purchase up to 338,182 and 16,364 shares, respectively, to each of its two placement agents for $1.21 per share which expire on December 8, 2015. On March 7, 2014, 270,546 of the 338,182 warrants were exercised.