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STOCK OPTIONS (Tables)
12 Months Ended
Dec. 31, 2024
STOCK OPTIONS  
Summary of stock option activity

A summary of Director, officer, and employee options granted and outstanding under the 2008 Stock Option Plan is presented below:

Years Ended December 31, 

2024

2023

2022

    

    

Weighted

    

    

Weighted

    

    

Weighted

Average

Average

Average

Exercise

Exercise

Exercise

Shares

Price

Shares

Price

Shares

Price

Outstanding at beginning of period

 

147,150

$

2.06

 

147,150

$

2.06

 

173,050

$

2.06

Granted

 

$

 

$

 

$

Exercised

 

$

 

$

 

(11,200)

$

1.23

Forfeited

 

(1,200)

$

2.75

 

$

 

(14,700)

$

2.75

Outstanding at end of period

 

145,950

$

2.05

 

147,150

$

2.06

 

147,150

$

2.06

Exercisable at end of period

 

145,950

$

2.05

 

147,150

$

2.06

 

147,150

$

2.06

Summary of stock options by exercise price

The following table summarizes information about Director, officer, and employee options outstanding under the 2008 Stock Option Plan at December 31, 2024:

Weighted Average

Exercise Prices

    

Shares Outstanding

    

Remaining Contractual Life

    

Shares Exercisable

$

1.05

 

60,000

 

1.99

 

60,000

$

2.75

 

85,950

 

1.69

 

85,950