STOCK INCENTIVE PLANS (Tables)

12 Months Ended

Dec. 31, 2014

Summary of stock option activity under applicable plans

A summary of the status of the Company’s stock option plans as of December 31, 2014, and changes during the year then ended is presented in the table below:

	Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value (in thousands)

Outstanding at January 1, 2014		12,000		$	4.80

Granted		-			-
Expired		(6,000	)		5.91

Outstanding at December 31, 2014		6,000		$	3.69	0.4 years	$	-

Vested and Exercisable at December 31, 2014		6,000		$	3.69	0.4 years	$	-

Summary of SARs activity under applicable plans

A summary of the status of the Company’s SARs plans as of December 31, 2014, and changes during the year then ended is presented in the table below:

	SARs

Non-Vested at January 1, 2014		-

Granted		4,000
Vested		(4,000	)
Cancelled		-

Non-Vested at December 31, 2014		-

Total Outstanding at December 31, 2014		34,000