XML 44 R59.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stock Option Grants (Narrative) (Details) (USD $)
3 Months Ended 1 Months Ended
Mar. 31, 2014
Feb. 28, 2013
February 14, 2013
Nov. 30, 2013
November 2013
Share-based Compensation Arrangement, Description  

On February 14, 2013, the Company's BOD approved of the granting of 10,000 options to an employee with an exercise price of $6.50, with monthly vesting beginning in February 2013. The options expire four years from the date of grant. The Company determined the grant date fair value of 10,000 options of $0.17 per share which was calculated using the Black Scholes Options Pricing Model as follows: Stock price of $6.50 per share, exercise price of $6.50 per share, expected life of 4.00 years, volatility of 32.48% and discount rate of 0.64%.

 

 

In November of 2013, the Company's BOD approved of the granting of 55,000 options to certain employees with an exercise price of $3.14, with monthly vesting beginning in November 2013. The options expire four years from the date of grant. The Company determined the grant date fair value of 55,000 options of $1.14 per share which was calculated using the Black Scholes Options Pricing Model.

 

 

Stock price   $ 6.50 $ 3.14
Exercise price   $ 6.50 $ 3.14
Expected life   4 years 4 years
Volatility   32.48%  
Discount rate   0.64%  
Non-cash compensation expense related to stock options $ 0