SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2013

SUBSEQUENT EVENTS [Abstract]

SUBSEQUENT EVENTS

Note 9 – Subsequent Events

On April 1, 2013, the Company's 2003 Stock Option/Stock Issuance Plan and its 2003-A Stock Option/Stock Issuance Plan expired resulting in the respective expiration of 278,532 and 37,325 options available for issuance.  As such, on April 1, 2013, there is 122,428 options available for issuance under the 2004 Stock Option/Stock Issuance Plan.

The Company evaluates events that have occurred after the balance sheet date but before the financial statements are issued. Based upon the evaluation, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the condensed consolidated financial statements.