Annual report pursuant to Section 13 and 15(d)

13. Stock Based Compensation (Tables)

v2.4.0.8
13. Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Stock Based Compensation Tables  
Stock option activity

A summary of stock option activity for the years ended December 31, 2013 and 2012 is presented below:

 

          Outstanding Options  
   

Shares

Available for

Grant

   

Number of

Shares

   

Weighted Average Exercise

Price

   

Weighted Average Remaining Contractual Life

(years)

   

Aggregate

Intrinsic

Value

 
December 31, 2012     169,087       285,458       14.44       6.3       -  
Grants     (100,000 )     100,000       0.50       5.0       -  
Cancellations     -       -       -       -       -  
December 31, 2013     69,087       385,458       10.83       5.2       -  
                                         
Options exercisable at:                                        
December 31, 2012             285,458       14.44       6.3          
December 31, 2013             385,458       10.83       5.2