Annual report pursuant to Section 13 and 15(d)

STOCK OPTION PLANS (Tables)

v2.4.0.8
STOCK OPTION PLANS (Tables)
12 Months Ended
Dec. 31, 2013
Equity Incentive Plan 2005 [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summarized information of stock options
 Summarized information for the 2005 Equity Incentive Plan is as follows:
 
                                                                                                                                                                                                                      Weighted-
                                                                                                                                                                                                                         average  
                                                                                                                                                                                                                         exercise 
                                                                                                                          Options                               price     
Outstanding options at January 1, 2012                                                                                            2,266,784                                $ 2.17
Granted, fair value of $ 0.29 per share                                                                                                1,235,000                                   0.39
Exerpiredforfeited                                                                                                    (838,000)                                 2.14
Outstanding options at December 31, 2012                                                                                       2,663,784                                  1.36
Expired/forfeited                                                                                                   (1,099,584)                                 1.75
Exercised                                                                                                       (125,000)                                 0.23
Outstanding options at December 31, 2013                                                                                       1,439,200                                  1.18

Exercisable at December 31, 2013                                                                                                      1,407,950                                   1.20
Information regarding options outstanding by range of exercise prices
Further information regarding options outstanding under the 2005 Equity Incentive Plan at December 31, 2013 is summarized below:

                                                            Number of            Weighted average            Number of          Weighted-average
    options             Remaining      Exercise           options           Remaining     Exercise
Range of exercise prices        outstanding         life in years         price          exercisable        life in years        price

$0.23                                              525,000                     9.0               $0.23         493,750                     9.0             $0.23
$0.61 - 0.85                                    320,000                     7.4               $0.63         320,000                     7.4             $0.63
$1.38                                                70,000                     6.0               $1.38        70,000                     6.0             $1.38
$2.27 – 3.15                                   524,200                     7.7               $2.43              524,200            7.7             $2.43
                                                                  1,439,200                1,407,950
Stock Awards Plan 1995 [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summarized information of stock options
Summarized information for the 1995 Stock Awards Plan is as follows:
                                                                                                                                                                                                                    Weighted-
                                                                                                                                                                                                                       average  
                                                                                                                                                                                                                       exercise 
                                                                                                                                                                              Options                           price   
Outstanding options at January 1, 2012                                                                                              57,500                           $ 16.58
Expired                                                                                                                                                    (18,000)                              18.14
Outstanding options at December 31, 2012                                                                                       39,500                               15.87

Expired                                                                                                                                                    (34,500)                              15.21
Outstanding options at December 31, 2013                                                                                          5,000                               20.45

Exercisable at December 31, 2013                                                                                                           5,000                               20.45
Information regarding options outstanding by range of exercise prices
Further information regarding options outstanding under the 1995 Stock Awards Plan at December 31, 2013 is summarized below:

                                                     Number of            Weighted average                   Number of      Weighted-average 
                                                       optionsRemaining      Exercise               options           Remaining      Exercise
Range of exercise prices        outstanding           life in years          price               exercisable        life in years        price

$12.40                                         2,500                         2.0               $12.40                   2,500                      2.0         $12.40
$28.50                                         2,500                         1.0               $28.50                   2,500                      1.0         $28.50
                                                                  5,000                     5,000