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RESTRICTED STOCK (Tables)
12 Months Ended
Dec. 31, 2012
Restricted Stock Tables  
Company's non-vested restricted stock grants

A summary of the status of the Company’s non-vested restricted stock grants as of December 31, 2012, and changes during the year ended December 31, 2012 is presented below:

 

 

 

Non-vested Shares

 

 

 

Shares

   

Weighted-

Average

Grant-Date

Fair Value

 
Non-vested shares at January 1, 2012     1,819,594     $ 1.72  
Granted     1,314,156     $ 1.72  
Grants made in prior periods, now becoming restricted     220,000     $ 0.92  
Vested     (143,333 )   $ 2.12  
Forfeited     (50,000 )   $ 1.84  
Non-vested shares at December 31, 2012     3,160,417     $ 1.66