Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2012

Stock option activity during the six months ended June 30, 2012, under all stock option plans is as follows:

						Average
				Weighted		Remaining
				Average		Contractual
	Number of			Exercise		Term
	Shares			Price		(in years)

Options outstanding, January 1, 2012		250,000		$	4.03		2

Granted		-			-		-

Forfeited		(1,000	)		3.01		-

Exercised		-			-		-

Options outstanding, June 30, 2012		249,000		$	4.03		2

Outstanding exercisable at June 30, 2012		220,000		$	4.29		2

The following table summarizes the Company's nonvested stock option activity for the six months ended June 30, 2012:


	Number of Shares		Weighted-Average Grant-Date Fair Value
Nonvested stock options at January 1, 2012		43,000	$	1.02

Granted		-		-

Vested		14,000		1.02

Forfeited		-		-

Nonvested stock options at June 30, 2012		29,000	$	1.02