NOTE 4 - STOCK COMPENSATION PLANS (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Stock Options Roll Forward [Table Text Block]

The following table summarizes stock option activity through the six month period ended June 30, 2012:

	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (000's)*
Balance at December 31, 2011	775,000	$	6.84	4.1	$	264
Granted	—	—		—	—
Exercised	—	—		—	—
Canceled or expired	—	—		—	—
Balance at June 30, 2012	775,000	$	6.84	3.6	$	8
Exercisable at June 30, 2012	755,000	$	6.67	4.4	$	8

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest [Table Text Block]

During 2012, the Company granted restricted stock awards per the following table.

Date Issued	Issued to	Number of Individuals	Number of Shares	Market Price		Fair Value		Grants Forfeited
June 14, 2012	Employee	1	50,336	$	1.49	$	75,000	—
June 14, 2012	Director	3	100,671	$	1.49	$	150,000	—