Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Income
Total
Beginning Balance, Shares at Dec. 31, 2013 25,854,549        
Beginning Balance, Amount at Dec. 31, 2013 $ 259,000 $ 61,129,000 $ (30,553,000) $ (31,000) $ 30,804,000
Granting of options, Shares        
Granting of options, Amount 333,000     333,000
Proceeds from exercise of options, Shares 20,000        
Proceeds from exercise of options, Amount $ 20,000     20,000
Value of shares delivered to fund withholding taxes and option exercise, Shares (856,973)        
Value of shares delivered to fund withholding taxes and option exercise, Amount $ (9,000)   (1,021,000)   (1,030,000)
Treasury stock purchased and retired, Shares (2,335,740)        
Treasury stock purchased and retired, Amount $ (23,000)   $ (4,454,000)   (4,477,000)
Unrealized gain (loss) on securities available-for-sale, Shares        
Unrealized gain (loss) on securities available-for-sale, Amount     $ 14,000 14,000
Cashless exercise of options, Shares 1,592,500        
Cashless exercise of options, Amount $ 16,000 16,000
Repurchase of warrants, Amount $ (505,000) 505,000
Net income $ 1,766,000 1,766,000
Ending Balance, Shares at Dec. 31, 2014 24,274,336        
Ending Balance, Amount at Dec. 31, 2014 $ 243,000 $ 60,977,000 (34,262,000) $ (17,000) 26,941,000
Granting of options, Shares        
Granting of options, Amount $ 272,000     272,000
Value of shares delivered to fund withholding taxes and option exercise, Shares (79,651)        
Value of shares delivered to fund withholding taxes and option exercise, Amount $ (1,000)   (1,000)   (2,000)
Treasury stock purchased and retired, Shares (1,183,536)        
Treasury stock purchased and retired, Amount $ (12,000)   (2,600,000)   (2,612,000)
Unrealized gain (loss) on securities available-for-sale, Shares        
Unrealized gain (loss) on securities available-for-sale, Amount     $ (18,000) (18,000)
Cashless exercise of options, Shares 200,000        
Cashless exercise of options, Amount $ 2,000       $ 2,000
Repurchase of warrants, Amount        
Net income 4,107,000 $ 4,107,000
Ending Balance, Shares at Dec. 31, 2015 23,211,149        
Ending Balance, Amount at Dec. 31, 2015 $ 232,000 $ 61,249,000 $ (32,756,000) $ (35,000) $ 28,690,000