Quarterly report pursuant to Section 13 or 15(d)

NOTE 8 - EQUITY (Tables)

v3.8.0.1
NOTE 8 - EQUITY (Tables)
9 Months Ended
Sep. 30, 2017
Stockholders' Equity Note [Abstract]  
Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of the status of the Company’s stock option plans for the fiscal years ended December 31, 2016 and the nine months ending September 30, 2017 and changes during the years are presented below (in number of options):

 
 
Number
of Options
   
Average
Exercise Price
 
Average Remaining
Contractual Term
   
Aggregate
Intrinsic Value
 
 
                     
Outstanding options at January 1, 2016
   
183,576
   
$
4.49
 
2.7 years
   
$
-0-
 
Options granted
   
-
     
-
     
-
         
Options canceled/forfeited
   
(40,000
)
 
$
4.50
                 
 
                               
Outstanding options at December 31, 2016
   
143,576
   
$
3.76
 
1.6 years
   
$
-0-
 
Options granted
   
-
                         
Options exercised
   
-
                         
Options canceled/forfeited
   
(81,296
)
 
$
4.80
                 
 
                               
Outstanding options at September 30, 2017
   
62,280
   
$
3.78
 
2.3 years
   
$
-0-
 
 
                               
Vested Options:
                               
   September 30, 2017:
   
30,320
   
$
3.61
 
1.8 years
   
$
-0-
 
   December 31, 2016:
   
103,575
   
$
4.47
 
1.0 years
   
$
-0-
 
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
The following table summarizes the warrants transactions:

 
 
Warrants
Outstanding
   
Weighted Average
Exercise Price
 
 
           
Balance, January 1, 2016
   
203,253
   
$
5.29
 
Granted
   
-
   
$
-
 
Exercised
   
-
   
$
-
 
Canceled
   
-
   
$
-
 
Outstanding and Exercisable December 31, 2016
   
203,253
   
$
5.29
 
 
               
Granted
   
4,988
   
$
4.01
 
Exercised
   
-
   
$
-
 
Canceled
   
-
   
$
-
 
Outstanding and Exercisable September 30, 2017
   
208,241
   
$
5.26