8. STOCK INCENTIVE PLAN (Tables)

12 Months Ended

Dec. 31, 2014

Stock Incentive Plan Tables

Stock options outstanding

	2014					2013
	Weighted Average Exercise					Weighted Average Exercise
	Shares			Price		Shares			Price
Outstanding at beginning of period		260,200		$	3.82		311,200		$	3.76
Granted		-			-		-			-
Exercised		(37,229	)		3.99		(51,000	)		3.48
Forfeited		-			-		-			-
Outstanding at end of period		222,971		$	3.79		260,200		$	3.82

Stock options outstanding vested and expected to vest

	2014		2013
Intrinsic value of options exercised in the period	$	64,383	$	92,952
Stock options fully vested and expected to vest		222,971		260,200
Weighted average exercise price	$	3.79	$	3.82
Aggregate intrinsic value	$	447,611	$	642,548
Weighted average contractual term of options	1.64 years		2.47 years
Stock options vested and currently exercisable		188,971		199,200
Weighted average exercise price	$	3.90	$	4.01
Aggregate intrinsic value	$	358,561	$	453,528
Weighted average contractual term of options	1.28 years		1.92 years

Weighted-average options outstanding and exercisable

		Options Outstanding						Options Exercisable
				Weighted
		Number		Average		Weighted		Number		Weighted
		Outstanding at		Remaining		Average		Exercisable at		Average
Exercise		December 31,		Contractual		Exercise		December 31,		Exercise
Price		2014		Life		Price		2014		Price
	2.99		4,000		0.12		2.99		4,000		2.99
	3.09		22,971		6.56		3.09		8,971		3.09
	3.24		80,000		1.55		3.24		60,000		3.24
	3.76		62,000		0.58		3.76		62,000		3.76
	5.00		54,000		0.99		5.00		54,000		5.00
$2.99 - $ 5.00			222,971		1.64	$	3.79		188,971	$	3.90