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Stockholders' Equity
 3 Months Ended
Mar. 31, 2012
Stockholders' Equity [Abstract]  
Stockholders' Equity
9.
Stockholders' Equity
 
Stock-Based Compensation Plan and Warrants
 
The Company has a stock-based incentive plan which is administered by the Compensation Committee of the Board of Directors. See Note 7 of the Notes to Consolidated Financial Statements included in the 2011 Form 10-K for further information. We recorded stock-based compensation expense of $105,000 and $125,000 for the three months ended March 31, 2012 and 2011, respectively.
 
At March 31, 2012, total unrecognized compensation expense related to restricted stock awards was $456,000. This cost is expected to be recognized over a weighted average period of 1.7 years. There was no unrecognized compensation expense related to stock options at March 31, 2012. Proceeds received by the Company from the exercise of options and warrants for the three months ended March 31, 2012 and 2011 were approximately $5,000 and $0, respectively. No options were granted in the three months ended March 31, 2012 or 2011.
 
At March 31, 2012, there were 71,480 and 52,100 shares of common stock covered by outstanding restricted stock and stock options, respectively. All of the stock options were vested while the restricted stock has not vested.