Stock Option Plans (Tables)

3 Months Ended

Mar. 31, 2014

Summary of Option Activity for Employees and Non-Employees

A summary of option activity for employees under the plans and changes during the three months ended March 31, 2014, is presented below:

	Number of Options		Weighted Averaged Exercise Price $		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Options Value $
Outstanding, January 1, 2014		1,484,499		1.03		2.88		996,554
Granted		6,024		1.65		4.75		—
Exercised		60,000		0.40		—		—
Forfeited or expired		—		—		—		—
Outstanding, March 31, 2014		1,430,523		1.06		2.72		792,444
Exercisable, March 31, 2014		1,079,232		1.00		2.28		662,178

A summary of option activity for non-employees under the plans and changes during the three months ended March 31, 2014, is presented below:

	Number of Options		Weighted Averaged Exercise Price $		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Options Value $
Outstanding, January 1, 2014		173,332		0.48		0.59		210,833
Granted		—		—		—		—
Exercised		35,000		0.40		—		—
Forfeited or expired		—		—		—		—
Outstanding, March 31, 2014		138,332		0.50		0.43		151,499
Exercisable, March 31, 2014		138,332		0.50		0.43		151,499