Stock Option Plans (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Option Activity for Employees and Non Employees

A summary of option activity for employees under the plans as of December 31, 2013 and 2012, and changes during the year then ended is presented below:

	Number of Options			Weighted Averaged Exercise Price $		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Options Value $
Outstanding, January 1, 2012		1,139,282			0.89		3.62		-
Granted		211,459			0.95		4.38		-
Exercised		-			-		-		-
Forfeited or expired		(67,000	)		1.58		-		-
Outstanding, December 31, 2012		1,283,741			0.79		3.07		-
Exercisable, December 31, 2012		849,066			0.81		2.43		-
Granted		309,090			1.62		5.00
Exercised during 2013		(56,666	)		-		-		-
Forfeited or expired		(51,666	)		0.99		-		-
Outstanding, December 31, 2013		1,484,499			1.03		2.88		996,554
Exercisable, December 31, 2013		1,115,006			0.97		2.41		818,531

	Number of Options			Weighted Averaged Exercise Price $
VESTED OPTIONS
Outstanding, January 1, 2012		638,176			0.89
Exercised during 2012		-			-
Vested Options during 2012		277,222			0.92
Forfeited during 2012		(66,332	)		1.58
Outstanding, December 31, 2012		849,066			0.81
Exercised during 2013		(56,666	)		-
Vested Options during 2013		367,272			1.19
Forfeited during 2013		(46,666	)		0.96
Outstanding, December 31, 2013		1,115,006			0.97
NONVESTED OPTIONS
Nonvested, January 1, 2012		501,106			0.90
Granted during 2012		211,459			0.95
Vested during 2012		(277,222	)		0.92
Forfeited during 2012		(668	)		1.15
Nonvested, December 31, 2012		434,675			0.91
Granted during 2013		309,090			1.62
Vested during 2013		369,272			1.19
Forfeited during 2013		(5,000	)		1.00
Nonvested, December 31, 2013		369,493			1.22

A summary of option activity for non-employees under the plans as of December 31, 2012 and 2013, and changes during the year ended is presented below:

	Number of Options			Weighted Averaged Exercise Price $		Weighted Average Remaining Contracted Life (years)		Aggregate Intrinsic Options Value $
Outstanding, January 1, 2012		414,999			1.87		1.43		-
Exercisable, December 31, 2012		399,443			1.90		1.36		-
Granted during 2012		100,000			-		-		-
Forfeited during 2012		(175,000	)		1.79		-		-
Outstanding, December 31, 2012		239,999			1.56		1.32		-
Exercisable, December 31, 2012		234,442			1.57		-		-
Forfeited during 2013		(66,667	)		2.50		-		-
Outstanding, December 31, 2013		173,332			0.48		0.59		210,833
Exercisable, December 31, 2013		173,332			0.48		0.59		210,833

	Number of Options			Weighted Averaged Exercise Price $
VESTED OPTIONS
Outstanding, January 1, 2012		399,443			1.90
Exercised during 2012		-			-
Vested during 2012		9,999			1.10
Forfeited during 2012		175,000			1.79
Outstanding, December 31, 2012		234,442			1.57
Exercised during 2013		-			-
Vested during 2013		5,557			1.27
Forfeited during 2013		6,667			2.50
Outstanding, December 31, 2013		173,332			0.48
NONVESTED OPTIONS
Nonvested January 1, 2012		15,556			1.16
Granted during 2012		-			-
Vested during 2012		(9,999	)		1.10
Forfeited during 2012		-			-
Nonvested December 31, 2012		5,557			1.27
Granted during 2013		-			-
Exercised during 2013		-			-
Vested during 2013		5,557			1.27
Outstanding, December 31, 2013		-			-