Share-based compensation (Tables)

6 Months Ended

Jun. 30, 2012

Weighted-average assumptions used in determining the fair value of share based awards

The Company determines the fair value of share based awards at the grant date by using the Black-Scholes option-pricing model, and is incorporating the simplified method to compute expected lives of share based awards with the following weighted-average assumptions:

Six Month Period Ended June 30,	2012		2011
Assumptions
Dividend Yield		-		0	%
Risk free interest rate		-		2.5	%
Expected volatility		-		56	%
Expected lives		-		2 to 5 years

Summary of the Status of the Company's Stock Option Plan

A summary of the activity for the Company's Plans for the indicated periods is presented below:

Stock Option Plan Totals	Shares			Weighted Average Exercise Price
Outstanding at December 31, 2010		3,411,943		$	1.23
·     Cancelled		(49,000	)	$	2.04
·     Exercised		(2,500	)	$	1.12
·     Granted		75,000		$	1.31
Outstanding at December 31, 2011		3,435,443		$	1.22
·     Exercised		(41,250	)	$	1.66
·     Cancelled		(8,313	)	$	1.10
Outstanding at June 30, 2012		3,385,880		$	1.21

Weighted Average Contractual Life and Exercise Price

The following is the weighted average contractual life in years and the weighted average exercise price at June 30, 2012 of:

			Weighted Average
	Number of		Remaining	Weighted Average
	Options		Contractual Life	Exercise Price
Options outstanding		3,385,880	4.8 years	$	1.21
Options vested		3,385,880	4.8 years	$	1.21

Intrinsic value

The following is the intrinsic value at June 30, 2012 of:

Options outstanding	$	9,771,000
Options vested in 2012		0
Options exercised in 2012	$	95,000