Quarterly report pursuant to Section 13 or 15(d)

NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Mar. 31, 2014
Nature Of Business And Summary Of Significant Accounting Policies Tables  
Summary of weighted average assumptions
  THREE MONTHS ENDED MARCH 31, 2013  
     

Risk-free interest rates

Expected option life in years

Expected stock price volatility

Expected dividend yield

0.78%

 5 years

43.54%

-0-

  
Computations of basic and diluted weighted average common shares outstanding
   

Three Months Ended

 March 31,

  
    2014     2013  
             
Weighted-average common shares outstanding – basic     25,775,573       25,013,484  
Dilutive effect of options and warrants     2,018,096       2,441,910  
Weighted-average common shares outstanding – diluted     27,793,669       27,455,394  
Options and Warrants excluded from the computation of diluted income (loss) per share because the effect of inclusion would have been anti-dilutive         4,689,404             3,323,090  
Cash and cash equivalents

Cash and cash equivalents as of March 31, 2014 and December 31, 2013 are composed of: 

 

    March 31, 2014     December 31, 2013  
             
Cash   $ 1,767,000     $ 1,066,000  
Money market fund     16,595,000       18,745,000  
Total   $ 18,362,000     $ 19,811,000  
Investment In Lifestreams
   

Number of

 Shares

      Value  
Common Stock     250,000     $ 76,000  
Series A Preferred Stock     123,456       50,000  
Warrants     1,305,000       70,000  
Convertible Notes     —        95,000  
            $  291,000