Annual report pursuant to Section 13 and 15(d)

Summary of the status of the stock options (Details)

v2.4.0.8
Summary of the status of the stock options (Details) (USD $)
Options
Weighted-Average Exercise Price
Outstanding at Dec. 31, 2011 1,125,000 2.00
Issued 165,000 4.50
Forfeited (165,000) 2.00
Exercised 0 0.00
Weighted average fair value of options granted during the year   4.26
Exercisable at Dec. 31, 2012 200,000 2.00
Outstanding at Dec. 31, 2012 1,125,000 2.37
Outstanding at Dec. 31, 2012    
Issued 1,685,000 4.98
Forfeited (137,500) 2.55
Exercised (25,000) 3.50
Weighted average fair value of options granted during the year   4.35
Total Exercisable 662,500 3.13
Outstanding at Dec. 31, 2013 2,647,500 4.01