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Warrants
12 Months Ended
Dec. 31, 2012
Warrants and Rights Note Disclosure [Abstract]  
Warrants

NOTE 12 — WARRANTS

 

The following table reflects warrants outstanding and related activity for warrants authorized for issuance by the Board to certain third parties:

 

    Number
of Shares
(in 000’s)
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Life in Years
    Average
Intrinsic
Value
(in-the-money)
Warrants
 
Balance outstanding at December 31, 2010     8     $ 4.31                  
Warrants issued     -     $ -                  
Warrants cancelled     -     $ -                  
Balance outstanding at December 31, 2011     8     $ 4.31                  
Warrants issued     -     $ -                  
Warrants cancelled     -     $ -                  
Balance outstanding at December 31, 2012     8     $ 4.31       4.3     $ -  

 

The weighted average remaining life of warrants outstanding, was 4.3 years at December 31, 2012 and 5.3 years at December 31, 2011.