Compensation Related Costs, Retirement Benefits

12 Months Ended

Dec. 31, 2011

Compensation Related Costs, Retirement Benefits

Pension and Other Postretirement Benefits Disclosure [Text Block]

15.       401(k) PLAN

We have an employee-defined contribution plan qualified under section 401(k) of the Internal Revenue Code (the "Plan"), for all employees age 21 or over, and meeting certain service requirements.  The Plan has been in effect since January 1, 1997.  Participation in the Plan is voluntary.  Employees may defer compensation up to a specific dollar amount determined by the Internal Revenue Service for each calendar year.  We do not make matching contributions, and employees are not allowed to invest in our stock under the Plan.

Our directors may authorize a discretionary contribution to the Plan, allocated according to the provisions of the Plan, and payable in shares of our common stock valued as of the date the shares are contributed.  During the year ended July 31, 2010, the Company accrued $50,000 for our discretionary 401(k) contribution, subject to final approval by our directors.  That contribution was ultimately not made and the accrual was reversed in the five months ended December 31, 2010.  No contributions were accrued or made in the year ended December 31, 2011.