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STOCK BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2012

Summary of employee and nonemployee stock based compensation

Amounts in (000's)	December 31, 2012			December 31, 2011

Employee compensation:
Stock options	$	486		$	212
Employee warrants		229			594

Total option and warrants compensation		715			806
Board restricted stock		176			—

Total Employee Compensation Expense	$	891		$	806

Non-employee compensation:
Warrants	$	859		$	434
Less: Deferred financing and prepaid services		(783	)		(330	)
Amortization of prepaid services		696			108

Total Nonemployee Compensation Expense	$	772		$	212

Summary of the Company's stock option activity

			Weighted Average Exercise Price

Outstanding at January 1, 2012	575,277		$	3.90
Stock Dividend	73,393		$	4.25
Granted	996,200		$	4.46
Exercised	(66,867	)	$	1.39
Forfeited	(186,483	)	$	4.31
Expired	(40,659	)	$	2.78

Outstanding at December 31, 2012	1,350,861		$	4.57	6.6 years	900,426

Exercisable at December 31, 2012	268,457		$	4.22	5.2 years	260,123

			Weighted Average Exercise Price

Outstanding at January 1, 2011	212,404		$	1.79
Stock Dividend	16,298		$	3.79
Granted	487,000		$	4.77
Exercised	(37,338	)	$	1.74
Forfeited	(98,807	)	$	4.53
Expired	(4,280	)	$	2.26

Outstanding at December 31, 2011	575,277		$	3.90	8.3 years	370,606

Exercisable at December 31, 2011	213,178		$	2.66	5.7 years	370,606

Summary of the Company's restricted stock activity

			Weighted Avg. Grant Date Fair Value

Unvested at January 1, 2012	—			—
Granted	320,000		$	3.25
Stock Dividend	16,000		$	3.25
Vested	(52,500	)	$	3.50
Forfeited	—			—

Unvested at December 31, 2012	283,500		$	3.20

Employee

Stock based compensation

Schedule of assumptions used in calculating fair value of warrants using the Black Sholes Merton option-pricing model

	2012	2011

Dividend Yield	0.0%	0.0%
Expected Volatility	40.0% - 46.1%	65.6%
Risk-Free Interest Rate	.25% - 1.05%	1.23%
Expected Term	4.0 - 6.5 years	4.7 years

Employee | Warrant

Stock based compensation

Schedule of common stock warrant activity

		Weighted Average Exercise Price

Outstanding at January 1, 2012	1,720,020	$	3.10
Stock Dividend	86,004	$	2.99
Granted	—
Exercised	—
Forfeited	—

Outstanding at December 31, 2012	1,806,024	$	2.99	5.6 years	3,181,251

Exercisable at December 31, 2012	1,539,126	$	2.79	5.1 years	3,014,103

			Weighted Average Exercise Price

Outstanding at January 1, 2011	1,289,412		$	2.64
Stock Dividend	71,162		$	2.93
Granted	450,000		$	4.18
Exercised	(70,433	)	$	2.08
Forfeited	(20,121	)	$	2.38
Outstanding at December 31, 2011	1,720,020		$	3.10	6.6 years	1,676,791

Exercisable at December 31, 2011	1,345,020		$	2.78	5.8 years	1,666,991

Nonemployee

Stock based compensation

Schedule of assumptions used in calculating fair value of warrants using the Black Sholes Merton option-pricing model

	2012	2011

Dividend Yield	0.0%	0.0%
Expected Volatility	38.5% - 47.8%	62.0%
Risk-Free Interest Rate	0.25% - 0.72%	0.86%
Expected Term	3 - 10 years	1.7 years

Nonemployee | Warrant

Stock based compensation

Schedule of common stock warrant activity

			Weighted Average Exercise Price		Weighted Average Remaining Contract Life

Outstanding at January 1, 2012	1,153,574		$	3.85
Stock Dividend	94,054		$	3.85
Granted	777,500		$	3.82
Exercised	(28,941	)	$	1.26
Expired	(34,730	)	$	3.82

Outstanding at December 31, 2012	1,961,457		$	3.78	1.7 years	1,934,826

Exercisable at December 31, 2012	1,950,957		$	3.77	1.7 years	1,930,836

			Weighted Average Exercise Price		Weighted Average Remaining Contract Life

Outstanding at January 1, 2011	953,074		$	3.13
Stock Dividend	86,236		$	3.84
Granted	300,000		$	4.91
Exercised	(179,452	)	$	1.78
Expired	(6,284	)	$	3.11

Outstanding at December 31, 2011	1,153,574		$	3.85	2.0 years	437,432

Exercisable at December 31, 2011	1,153,574		$	3.85	2.0 years	437,432

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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