3. Stock Options (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table summarizes stock option activity under the Stock Option Plans for the nine months ended September 30, 2012:

	2012
	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at January 1, 2012		492,978		$	2.61		2.93	$	1,925,176
Granted		-			-		-		-
Exercised		(175,000	)		1.00		-		753,531
Forfeited or expired		(2,000	)		4.45		-		-
Outstanding at end of period		315,978		$	3.50		2.95	$	790,799
Exercisable at end of period		294,978		$	3.29		2.61	$	790,799
Nonvested at end of period		21,000		$	6.47		7.64	$	-

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

The following table summarizes RSU activity under the Stock Option Plans for the nine months ended September 30, 2012:

	Number of Shares		Weighted Average Grant Date Fair Value
Unvested restricted stock units at January 1, 2012		-	$	-
Granted		79,500		4.21
Forfeited		-		-
Vested		-		-
Unvested restricted stock units at September 30, 2012		79,500	$	4.21