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SHAREHOLDERS' EQUITY (Tables)
 6 Months Ended
Jun. 30, 2012
SHAREHOLDERS' EQUITY  
Schedule of changes in shareholders equity

 

 

 

 

Common Stock

 

Paid-In

 

Accumulated

 

 

 

 

 

Shares

 

Amount

 

Capital

 

Deficit

 

Treasury Stock

 

Balances, December 31, 2011

 

94,005,006

 

$

94,043

 

$

169,904,203

 

$

(146,577,535

)

$

(9,418

)

Net loss

 

—

 

—

 

—

 

(7,267,149

)

—

 

Stock compensation expense

 

—

 

—

 

311,797

 

—

 

—

 

Common stock issuance

 

12,074,640

 

12,074

 

11,421,981

 

—

 

—

 

Restricted stock issuance

 

340,604

 

341

 

(341

)

—

 

—

 

Balances, June 30, 2012

 

106,420,250

 

$

106,458

 

$

181,637,640

 

$

(153,844,684

)

$

(9,418

)