RESTRICTED STOCK (Tables)

3 Months Ended

Mar. 31, 2013

Notes to Financial Statements

Nonvested restricted stock activity

A summary of the Company’s nonvested restricted stock activity as of and for the three months ended March 31, 2013, is as follows:

Restricted Stock	Shares			Weighted- Average Grant-Date Fair Value
Nonvested at January 1, 2013		3,160,417		$	1.66
Granted this period		118,375			0.82
Vested		(100,104	)		2.16
Forfeited		—			—
Nonvested at March 31, 2013		3,178,688		$	1.68