STOCK BASED COMPENSATION PLAN (Tables)

6 Months Ended

Jun. 30, 2013

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]

The weighted-average assumptions for options granted during the six months ended June 30, 2013 and the resulting estimated weighted average fair value per share is presented below.

	June 30, 2013
Assumptions:
Risk-free interest rate		1.90	%
Expected dividend yield		-	%
Expected life (years)		10
Expected common stock market price volatility		64	%
Estimated fair value per share	$	1.82

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

A summary of option activity under the 2006 Plan for the period ended June 30, 2013 is presented below:

	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
							(Dollars In Thousands)
Outstanding, beginning of period		392,740	$	9.16
Granted during period		118,000		2.52
Forfeited during period		(9,550)		4.51
Exercised during period		-		-
Outstanding, end of period		501,190	$	7.68		7.0	$	312
Eligible for exercise at period end		200,688	$	14.28		4.7	$	42

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

A summary of changes in our non-vested restricted shares for the six months ended June 30, 2013 is presented below:

	Non-vested Shares		Weighted Average Grant Date Fair Value
Outstanding, beginning of period		32,964	$	3.64
Granted during period		122,972		3.05
Vested during period		(55,132)		3.38
Terminated during period		(17,250)		2.84
Forfeited during period		-		-
Outstanding, end of period		83,554	$	3.10