Stock Based Compensation (Tables)

9 Months Ended

Sep. 30, 2012

Officer and Employee Plans [Member]

Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity [Table Text Block]

A summary of the status of these stock option plans is presented in the following table:

					Weighted-
					Average
			Weighted		Contractual
			Average		Remaining	Aggregate
			Exercisable		Term	Intrinsic
	Number		Price		(in years)	Value
Outstanding at December 31, 2011		572,600	$	4.63	5.7  Years	$	-
Granted		202,000		1.65	9.4 Years
Exercised		-		-
Forfeited		104,300		3.89
Outstanding at September 30, 2012		670,300	$	3.86	6.4 Years	$	81,910
Options exercisable at September 30, 2012		274,680	$	6.82

Board Of Directors Plan [Member]

Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity [Table Text Block]

A summary of the status of this stock option plan is presented in the following table:

					Weighted-
					Average
			Weighted		Contractual
			Average		Remaining	Aggregate
			Exercisable		Term	Intrinsic
	Number		Price		(in years)	Value
Outstanding at December 31, 2011		55,250	$	5.98	4.9 Years	$	-
Granted		90,000		1.65	9.4 Years
Exercised		-		-
Forfeited		-		-
Outstanding at September 30, 2012		145,250	$	3.30	7.4 Years	$	20,700
Options exercisable at September 30, 2012		55,250	$	5.98

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

This was determined using the Black-Scholes option-pricing model with the following weighted-average assumptions:

Dividend yield	0.0	%
Expected life	7.0 Years
Expected volatility	44.62	%
Risk-free interest rate	1.44	%