Stock-Based Compensation

6 Months Ended

Jun. 30, 2012

Stock-Based Compensation [Abstract]

Stock-Based Compensation

NOTE 12-STOCK-BASED COMPENSATION

     Services performed and other transactions settled in the company's common stock are recorded at the estimated fair value of the stock issued if that value is more readily determinable, than the fair value of the consideration received.

     We have stock compensation plans for employees and directors. We recognize the stock-based compensation expense over the requisite service period of the individual grantees, which generally equals the vesting period. All of our stock-based compensation is accounted for as an equity instrument.

					Weighted	Aggregate
	Number of			Weighted	Average	Intrinsic
	Shares (in			Average	Remaining	Value
	Thousands)			Exercise	Contractual
				Price	Term
					(in years)
Outstanding December 31, 2011	29,578		$	0.50	6.0	--
Options granted under the plan	-			-	-	--
Options exercised	-			-	-	--
Options forfeited and expired	(2,050	)		-	-	--
Outstanding June 30, 2012	27,528		$	0.48	6.0	--

     Aggregate intrinsic value is the sum of the amounts by which the quoted market price of our stock exceeded the exercise price of the options at June 30, 2012 for those options for which the quoted market price was in excess of the exercise price ("in-the-money options"). There were no options in the money at June 30, 2012.

     As of June 30, 2012, total compensation cost of unvested employee stock options is $2.2 million. This cost is expected to be recognized through September 30, 2016. We recorded no income tax benefits for stock-based compensation expense arrangements for the three and six months ended June 30, 2012, as we have cumulative operating losses, for which a valuation allowance has been established