Stock-based Compensation

9 Months Ended

Sep. 30, 2012

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

Note 4 – Stock-based Compensation

At September 30, 2012 the Company maintained seven stock-based compensation plans. Six of these plans are described more fully in Note 14 to the audited consolidated financial statements for the year ended December 31, 2011, contained in the Company’s most recently filed Annual Report on Form 10-K. A new plan, the Heritage Global Partners Plan (the “HGP Plan”), was set up to facilitate the issuance of options as part of the acquisition of Heritage Global Partners. It is similar to the Company’s 2003 Stock Option and Appreciation Rights Plan, except that options issued under the HGP Plan survive termination of employment.

During the first nine months of 2012 the Company issued a total of 1,040,000 options to officers and employees. This included the 625,000 options that were granted to the former owners of Heritage Global Partners, as part of the Company’s acquisition of Heritage Global Partners. The Company made no option grants during the quarter ended September 30, 2012.

The following summarizes the changes in common stock options for the nine months ended September 30, 2012:

	Options			Weighted Average Exercise Price
Outstanding at December 31, 2011		3,141,198		$	1.65
Granted		1,040,000		$	2.04
Exercised		(31,750	)	$	0.61
Forfeited		(250,000	)	$	1.83
Expired		(1,250	)	$	1.40
Outstanding at September 30, 2012		3,898,198		$	1.75
Options exercisable at September 30, 2012		1,298,198		$	1.39