XML 34 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2013
Warrant [Member]
 
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule Of Share Based Payment Award Warrants Valuation Assumptions [Table Text Block]
The fair value of the warrants was estimated at the date of grant using a Black-Scholes option pricing model with the following assumptions:
 
 
 
Year ended December 31
 
 
 
2013
 
2012
 
 
 
 
 
 
 
Expected warrant life (years)
 
3.0
 
3.0
 
Risk-free weighted average interest rate
 
0.78
%
0.37
%
Stock price volatility
 
62.8
%
46.4
%
Dividend yield
 
0.8
%
1.6
%
Schedule Of Share Based Compensation Warrants Activity [Table Text Block]
A summary of the Company’s warrant activity and related information for the years ended December 31 follows:
 
 
 
2013
 
2012
 
 
 
 
 
Weighted
 
 
 
Weighted
 
 
 
 
 
Avg.
 
 
 
Avg.
 
 
 
 
 
Exercise
 
 
 
Exercise
 
 
 
Warrants
 
Price
 
Warrants
 
Price
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding beginning of the year
 
41,827
 
$
1.49
 
31,565
 
$
1.74
 
Granted
 
12,065
 
 
2.81
 
13,441
 
 
1.31
 
Exercised
 
(7,789)
 
 
1.76
 
-
 
 
 
 
Expired
 
(8,116)
 
 
1.94
 
(3,179)
 
 
3.28
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at end of year
 
37,987
 
$
1.76
 
41,827
 
$
1.49
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at end of year
 
37,987
 
 
 
 
41,827
 
 
 
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
 
 
As of December 31, 2013
 
 
 
Warrants Outstanding
 
Warrants Exercisable
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Range of
 
Number
 
Weighted Avg.
 
Weighted  Avg.
 
Number
 
Weighted Avg.
 
Exercise Prices
 
Outstanding
 
Remaining Life
 
Exercise  Price
 
Exercisable
 
Exercise Price
 
$ 1.23
 
14,154
 
1.00
 
$
1.23
 
14,154
 
$
1.23
 
$ 1.31
 
11,768
 
2.00
 
 
1.31
 
11,768
 
 
1.31
 
$ 2.81
 
12,065
 
3.00
 
 
2.81
 
12,065
 
 
2.81
 
$1.23 - $2.81
 
37,987
 
1.95
 
$
1.76
 
37,987
 
$
1.76
 
Share-based Compensation, Intrinsic Value, Actual Tax Benefit Realized, and Cash Received [Table Text Block]
A summary of the total intrinsic value, actual tax benefit realized, and cash received for stock warrants exercised for the years ended December 31 follows:
 
 
 
Year ended December 31
 
 
 
2013
 
2012
 
 
 
 
 
 
 
 
 
Stock Warrants Exercised:
 
 
 
 
 
 
 
Intrinsic value
 
$
9,548
 
$
-
 
Actual tax benefit realized
 
 
2,045
 
 
-
 
Cash received
 
 
13,668
 
 
-
 
Employee Stock Option [Member]
 
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of the Company’s stock option activity and related information for the years ended December 31 follows:
 
 
 
2013
 
2012
 
 
 
 
 
Weighted
 
 
 
Weighted
 
 
 
 
 
Avg.
 
 
 
Avg.
 
 
 
 
 
Exercise
 
 
 
Exercise
 
 
 
Options
 
Price
 
Options
 
Price
 
Outstanding beginning of the year
 
1,313,500
 
$
3.95
 
739,500
 
$
8.29
 
Granted
 
 
 
 
 
 
 
 
 
 
 
Price = Fair Value
 
230,000
 
 
1.17
 
639,250
 
 
1.20
 
Price > Fair Value
 
-
 
 
 
 
135,750
 
 
1.32
 
Exercised
 
-
 
 
 
 
-
 
 
 
 
Expired and forfeited
 
(78,500)
 
 
5.57
 
(201,000)
 
 
9.40
 
Outstanding at end of year
 
1,465,000
 
$
3.42
 
1,313,500
 
$
3.95
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at end of year
 
555,500
 
$
7.05
 
542,375
 
$
7.79
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
 
 
As of December 31, 2013
 
 
 
Options Outstanding
 
Options Exercisable
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Range of
 
Number
 
Weighted Avg.
 
Weighted Avg.
 
Number
 
Weighted Avg.
 
Weighted Avg.
 
Exercise Prices
 
Outstanding
 
Remaining Life
 
Exercise Price
 
Exercisable
 
Remaining Life
 
Exercise Price
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$1.17
 
230,000
 
4.17
 
$
1.17
 
-
 
-
 
$
-
 
$1.20 - $1.32
 
755,000
 
3.00
 
 
1.22
 
75,500
 
3.00
 
 
1.23
 
$7.92
 
450,000
 
1.00
 
 
7.92
 
450,000
 
1.00
 
 
7.92
 
$8.68
 
30,000
 
1.79
 
 
8.68
 
30,000
 
1.79
 
 
8.68
 
$1.17 - $8.68
 
1,465,000
 
2.55
 
$
3.42
 
555,500
 
1.31
 
$
7.05