v2.4.0.6

Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2012

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of the status of the Company’s restricted share awards

Restricted Shares		Number of Restricted Shares				Weighted Average Fair Value at Grant Date
Non-vested at  June 30, 2012			169,368			$	2.80

Stock Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Weighted-average assumptions used to fair value calculation for options granted

		Six Months Ended				Six Months Ended
		June 30, 2012				June 30, 2011
Expected dividend yield			0	%			0	%
Expected stock price volatility			97-98	%			97-98	%
Risk-free interest rate			2.32-3.03	%			3.95-4.24	%
Expected life of warrants		7.8-9.9 years				8.8-9.9 years

Summary of the status of Company’s aggregate stock options granted

		Number of Shares Remaining Options				Weighted Average Exercise Price				Weighted-Average Remaining Contractual Term				Aggregate Intrinsic Value
Outstanding at January 1, 2012			364,400			$	5.20
Options granted during 2012			175,000			$	2.04
Options cancelled/expired during 2012			(22,000)				5.76
Outstanding at June 30, 2012			517,400			$	4.11				8.32			$	144,678
Exercisable at June 30, 2012			368,000			$	4.20				8.29			$	78,878

X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (f)(2)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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