STOCK OPTION GRANT

12 Months Ended

Dec. 31, 2014

STOCK OPTION GRANT

STOCK OPTION GRANT

11.STOCK OPTION GRANT

The Compensation and Benefits Committee approved a grant of a non-qualified stock option pursuant to the 2008 Stock Option Plan to Walter O. Bigby, Jr., a Director, for the purchase of 50,000 shares of Common Stock on May 14, 2013.  Related share based compensation of $52,775 is included in general and administrative expense in the accompanying Statements of Operations for 2013.