OUTSTANDING STOCK OPTIONS (Tables)

3 Months Ended

Mar. 31, 2013

Outstanding Stock Options

Fixed stock options and warrants outstanding and exercisable

The following tables summarize information about fixed stock options and warrants outstanding and exercisable at March 31, 2013:

		Options and Warrants						Options and Warrants
		Outstanding						Exercisable
		at March 31, 2013						at March 31, 2013
Range of exercise prices		Number outstanding at March 31, 2013		Weighted  average remaining contractual life (years)		Weighted average exercise price		Number exercisable at March 31, 2013		Weighted average exercise price
Options
$	1.50 - 2.50		12,300		0.32	$	1.61		12,300	$	1.61
Warrants
$	1.80		50,000		0.78	$	1.80		50,000	$	1.80
$	3.50 - 3.60		423,810		4.96	$	3.54		423,810	$	3.54
			486,110		4.41	$	3.31		486,110	$	3.31