Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2012

Summary of inputs to option valuation model for options granted

The following table summarizes the inputs to the option valuation model for the options granted during the years ended December 31, 2012 and 2011:

	2012	2011
Expected volatility	79%	91%
Dividend rate	0%	0%
Expected term (in years)	3.45	3.45
Risk-free rate	0.38%	1.11%
Forfeiture rate	0%	0%

Information about stock options outstanding and exercisable

The following table summarizes information about stock options outstanding and exercisable at December 31, 2012 as well as activity during the year then ended:

	Number of Stock Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at December 31, 2010		—	$	—		—	$	—
Granted during 2011		90,000		22.50		3.2		—
Exercised during 2011		—		—		—		—
Forfeited during 2011		—		—		—		—
Expired during 2011		—		—		—		—
Outstanding at December 31, 2011		90,000		22.50		3.2		—
Granted during 2012		40,000		10.00		4.6		—
Exercised during 2012		—		—		—		—
Forfeited during 2012		—		—		—		—
Expired during 2012		—		—		—		—
Outstanding at December 31, 2012		130,000	$	18.65		3.6	$	—
Exercisable at December 31, 2012		27,000	$	22.50		3.2	$	—

Restricted stock grants outstanding and activity

The following table summarizes information about restricted stock grants outstanding at December 31, 2012 as well as activity during the year then ended:

	Number of Stock Grants			Weighted Average Grant Date Fair Value per Share
Outstanding non vested at December 31, 2010		12,647		$	18.90
Granted during 2011		10,928			7.33
Vested during 2011		(14,714	)		10.31
Forfeited during 2011		—			—
Outstanding non vested at December 31, 2011		8,861			18.90
Granted during 2012		20,782			6.27
Vested during 2012		(17,182	)		7.96
Forfeited during 2012		(918	)		15.36
Outstanding non vested at December 31, 2012		11,543		$	12.72