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EQUITY COMPENSATION AND EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2012
EQUITY COMPENSATION AND EMPLOYEE BENEFIT PLANS [Abstract]  
Schedule of Option Activity
Option activity under the 2008 Plan, 2007 Plan, 2006 Plan and 2002 Plan are as follows (in thousands):

   
2008 Plan
   
2007 Plan
   
2006 Plan
   
2002 Plan
 
   
Number of
Shares
   
Weighted
Average
Exercise
Price
   
Number of
Shares
   
Weighted
Average
Exercise
Price
   
Number
of
Shares
   
Weighted
Average
Exercise
Price
   
Number
of
Shares
   
Weighted
Average
Exercise
Price
 
                                                 
Outstanding at January 1, 2011
    19,294     $ 0.37       1,500     $ 0.51       3,290     $ 0.72       2,694     $ 0.92  
Granted
    6,985       0.47       --       --       --       --       --          
Exercised
    (1,801 )     0.27       (116 )     0.41       (3 )     0.94       (100 )     0.25  
Forfeited
    (790 )     0.33       --       --       (1,295 )     0.44       (80 )     1.16  
Outstanding at December 31, 2011
    23,688     $ 0.41       1,384     $ 0.51       1,992     $ 0.90       2,514     $ 1.04  
Granted
    1,780       0.19       --       --       --       --       --       --  
Exercised
    --       --       --       --       --       --       --       --  
Forfeited
    (616 )     0.10       --               (1,002 )     0.90       (1,049 )   $ 1.04  
Outstanding at December 31, 2012
    24,852     $ 0.41       1,384     $ 0.51       990     $ 0.89       1,465     $ 1.20  
                                                                 


The weighted average fair value of options granted during the year ended December 31, 2012 and 2011 was $0.19 and $0.47.
Schedule of Fair Value Assumptions
The fair value of each option and warrant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:

 
 
2011
2012
Dividends
None
None
Expected
volatility
104.6 to
105.4
146.54 and 127.78
Risk free interest
rate
1.14% to
2.01%
0.79% to 1.11%
Expected life
5.0 to 6.06 years
6.06 years
Schedule of Information about Options Outstanding and Exercisable
The following table provides information about options under the 2008 Plan, 2007 Plan, 2006 Plan and 2002 Plan that are outstanding and exercisable at December 31, 2012. (In thousands):




Plan
 
Exercise Price
Range
   
Options
Outstanding at
December 31,
2012
   
Options
exercisable at
December 31,
2012
 
2008
  $ 0.10 - $1.50       24,852       19,266  
2007
  $ 0.25 - $1.15       1,384       1,384  
2006
  $ 0.81 - $0.94       990       990  
2002
  $ 0.25 - $1.32       1,465       1,464  
              28,691       23,104  
                   
At December 31, 2012, the Company has outstanding stock options for employees, consultants and board members to purchase 23.1 million shares at exercise prices ranging from $0.25 to $1.50.