Share-based compensation (Tables)

9 Months Ended

Sep. 30, 2012

Share-Based Compensation [Abstract]

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:

Nine Month Period Ended September 30,	2012			2011
Assumptions
Dividend Yield		0	%		0	%
Risk free interest rate		0.65	%		1.00	%
Expected volatility		73.00	%		63.00	%
Expected lives		5 years			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
·  Cancelled		(8,313	)	$	1.10
·  Exercised		(109,038	)	$	1.42
·  Granted		30,843		$	3.27
Outstanding at September 30, 2012		3,348,935		$	1.23

Weighted Average Contractual Life and Exercise Price

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

			Weighted Average
	Number of		Remaining	Weighted Average
	Options		Contractual Life	Exercise Price
Options outstanding		3,348,935	4.8 years	$	1.23
Options vested		3,348,935	4.8 years	$	1.23

Intrinsic value

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

Options outstanding	$	8,029,000
Options vested in 2012	$	66,000
Options exercised in 2012	$	267,000