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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2012
STOCKHOLDERS' EQUITY [Abstract]  
Schedule of Stock Incentive Plans


As of December 31, 2012








Restricted Stock

Restricted

Shares


Share Grants

Options

Awards

Stock Units

Available for


Approved

Outstanding

Outstanding

Outstanding

Award*
2004 Stock Incentive Plan

5,000,000


695,500


-


-


2,238,974
2007 Stock Incentive Plan

10,000,000


476,666


-


76,458


7,821,943
Total





1,172,166


-


76,458


10,060,917



* Please see information included in this note which describes the limits placed upon the 2007 Stock Incentive Plan

Schedule of Fair Value of Option Awards



For the year ended
December 31,



2011
Weighted average grant date fair value of grants

$0.71
Expected volatility

93.56%
Expected dividends

0%
Expected term (years)

2.5
Risk free rate

.41% - 1.105%

Schedule of Stock Option Activity






Weighted Average


Shares

Exercise Price







Outstanding at December 31, 2010

4,184,921

$ 0.50









Granted

82,000

$ 0.71
Exercised

(48,084 )
$ 0.50
Forfeited or expired

(395,577 )
$ 0.61
Outstanding at December 31, 2011

3,823,260

$ 0.52









Granted

-

$ -
Exercised

-

$ -
Forfeited or expired

(2,651,094 )
$ 0.53
Outstanding at December 31, 2012

1,172,166

$ 0.51









Exercisable at December 31, 2012

1,172,166

$ 0.51

Summary of Activity of Restricted Stock Units and Restricted Stock Grants



Shares

Weighted Average Grant
Date
Fair Value








Unvested at December 31, 2010

12,530

$ 3.28









Granted

325,636

$ 0.83
Vested

(4,326 )
$ 0.83
Forfeited

(91,205 )
$ 0.87
Unvested at December 31, 2011

242,635

$ 0.94









Granted

-

$ -
Vested

(76,510 )
$ 0.96
Forfeited

(89,667 )
$ 1.02
Unvested at December 31, 2012

76,458

$ 0.83

Schedule of Warrant Activity




Shares

Weighted Average
Exercise Price


Weighted Average
Remaining
Contractual Term
(years)

Outstanding and exercisable at December 31, 2010

923,272

$ 9.15

















Warrants exercised

-








Warrants expired

(923,272 )
$ 9.15

















Outstanding and exercisable at December 31, 2011 and December 31, 2012

-

$ -


-