Stock-based Compensation

3 Months Ended

Mar. 31, 2013

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 March 31, 2013 the Company maintained six stock-based compensation plans, which are described more fully in Note 14 to the audited consolidated financial statements for the year ended December 31, 2012, contained in the Company’s most recently filed Annual Report on Form 10-K.

During the first three months of 2013 the Company issued 150,000 options to an officer of the Company in accordance with his employment agreement. During the first three months of 2012, the Company issued a total of 990,000 options to officers and employees. This included the 625,000 options to the former owners of Heritage Global Partners as part of the acquisition.

The following summarizes the changes in common stock options for the three months ended March 31, 2013:

	Options		Weighted Average Exercise Price
Outstanding at December 31, 2012		3,898,198	$	1.75
Granted		150,000	$	1.00
Exercised		—		N/A
Forfeited		—		N/A
Expired		—		N/A
Outstanding at March 31, 2013		4,048,198	$	1.72
Options exercisable at March 31, 2013		1,888,198	$	1.53