Securities Authorized for Issuance Under Equity Compensation Plans

3 Months Ended

Mar. 31, 2013

Securities Authorized For Issuance Under Equity Compensation Plans [Abstract]

SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS

11.  SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS

Stock compensation expense attributable to stock options was approximately $5,000 and $19,000 for the three months ended March 31, 2013 and 2012, respectively. There were no stock awards issued during the three months ended March 31, 2013 and 2012.

At March 31, 2013, there was approximately $7,000 of unrecognized compensation expense related to stockoptions awarded to employees.  This cost will be charged as compensation expense during the second and third quarter of 2013, as the stock options vest.

The following table provides information at March 31, 2013 regarding outstandingstock options under the Company’s stock option plans as well as a grant made outside of the Company’s stock option plans. As used in the table below, “2008 ISO” refers to the Company’s 2008 Incentive Stock Option Plan, “2002 NQ” refers to the Company’s 2002 Non-Qualified Stock Option Plan and “2008 NQ” refers to the Company’s 2008 Non-Qualified Stock Option Plan.

Plan	Date Granted	Options Outstanding		Exercisable Options	Exercise Price		Expiration Date	Weighted Average Remaining Life
Non Plan	3/25/09		115,000	115,000	$	0.55	3/24/14	1.0
2008 ISO	8/25/08		141,400	107,680		0.97	8/24/13	0.4
2002NQ	6/20/03		30,000	30,000		1.03	6/19/13	0.2
2002NQ	5/25/04		30,000	30,000		1.46	5/24/14	1.2
2002NQ	4/03/06		40,000	40,000		1.08	4/02/16	3.1
2002NQ	12/17/07		50,000	50,000		1.32	12/16/17	4.8
2008NQ	1/11/09		50,000	50,000		0.69	1/10/19	5.9
2008NQ	4/26/10		25,000	25,000		2.07	4/25/20	7.2
			481,400	447,680	$	0.98		2.2