Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2013

The following tables summarize stock option activity during the three month period ended March 31, 2013:


	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Instrinsic Value
Outstanding at January 1, 2013		433,000		$	3.60
Granted		—			—
Exercised		—			—
Forfeited		(100,000	)		5.20

Outstanding and exercisable at March 31, 2013		333,000		$	3.12		2.9 years	$	218,900

Summary of Share Based Compensation Option Unvested

A summary of the status of the Company’s unvested options as of March 31, 2013 and changes during the three month period ended March 31, 2013 is presented below:


	Shares			Weighted Average Grant Date Fair Values
Unvested options at January 1, 2013		8,000		$	1.28
Granted		—			—
Vested		(8,000	)		1.28
Forfeited		—			—

Unvested options at March 31, 2013		—		$	—

Summary of Restricted Share Activity

A summary of the status of the Company’s restricted share activity follows:


	Shares			Weighted Average Grant Date Fair Values
Unvested restricted shares outstanding at January 1, 2013		312,501		$	3.39
Granted		—			—
Vested		(105,004	)		(3.29	)
Forfeited		—			—

Unvested restricted shares at March 31, 2013		207,497		$	3.45