Annual report pursuant to section 13 and 15(d)

Stock Option Plans (Tables)

Stock Option Plans (Tables)

12 Months Ended

Dec. 31, 2013

The following table summarizes activity of the stock option plans:


	Shares Available for Future Grant			Number of Shares Outstanding Under Option			Weighted Average Exercise Price
Balance, January 1, 2011		423,618			670,355		$	4.60
Options granted at market		(224,250	)		224,250			2.32
Options exercised		—			—			—
Options forfeited or expired		154,585			(157,585	)		2.95

Balance, December 31, 2011		353,953			737,020		$	4.26
Options granted at market		(54,250	)		54,250			0.54
Options exercised		—			—			—
Options forfeited or expired		81,467			(84,467	)		1.83

Balance, December 31, 2012		381,170			706,803		$	4.27
Options granted at market		—			—			—
Options exercised		108,146			(108,146	)		2.45
Options forfeited or expired		191,637			(191,637	)		4.76

Balance, December 31, 2013		680,953			407,020		$	4.52

Summary of Non-Vested Shares

A summary of the non-vested shares as of December 31, 2013 and changes during the year ending December 31, 2013 is presented below:


Non-vested Shares	Shares			Weighted-Average Grant-Date Fair Value
Non-vested at January 1, 2013		5,602		$	0.99
Granted		—			—
Vested		(767	)		2.39
Forfeited		(4,168	)		1.67

Non-vested at December 31, 2013		667		$	1.23

Performance Based Stock Options

Summary of Stock Option Activity

A summary of activity of options that vested upon achievement of certain performance criteria under the 2003 Plan as of December 31, 2013 and changes during the year then ended is presented below. These shares were also included in the summary of activity of stock option plans for the year ended December 31, 2013 above.


Performance Based Shares	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 1, 2011		132,260		$	4.14		6.18	$	—
Granted		130,000			2.15
Options exercised		—			—
Forfeited or expired		(101,020	)		2.15

Outstanding at December 31, 2011		161,240		$	3.79		6.74	$	—
Granted		—			—
Options exercised		—			—
Forfeited or expired		—			—

Outstanding at December 31, 2012		161,240		$	3.79		4.91	$	—
Granted		—			—
Options exercised		—			—
Forfeited or expired		153,600			3.71		3.83		—

Outstanding at December 31, 2013		7,640			5.30		5.45		—

Exercisable at December 31, 2013		7,640		$	5.30		5.45	$	—