Number of Shares |
Weighted Average Exercise Price |
Weighted Average Remaining Contractual Term |
Aggregate Intrinsic value |
|||||||||||||
Outstanding, December 31, 2011 | 301,900 | $ | 2.25 | |||||||||||||
Cancelled | (18,500 | ) | 1.18 | |||||||||||||
Issued | 167,500 | 1.46 | ||||||||||||||
Outstanding, December 31, 2012 | 450,900 | 2.02 | ||||||||||||||
Cancelled | (187,900 | ) | 1.51 | |||||||||||||
Issued | 267,378 | 1.62 | ||||||||||||||
Outstanding, December 31, 2013 | 530,378 | 1.99 | 4.8 | 24,300 | ||||||||||||
Vested and exercisable, December 31, 2013 | 209,408 | $ | 2.66 | 4.7 | 17,581 |