XML 53 R35.htm IDEA: XBRL DOCUMENT v2.4.0.6
NOTE 12 - STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2012
Note 12 - Stock-Based Compensation Tables  
Summarizes all option and warrant transactions

The following summarizes all of our option and warrant transactions in 2011:

 

Outstanding Options and Warrants

Under the 2006 Plan and 2000 Plan

   Shares     Weighted Average Exercise price Per Common Share     Weighted Average Remaining Contractual Life (in years)    

Aggregate Intrinsic

Value

  
                         
Balance, December 31, 2011     6,656,250     $ 3.62                  
Granted     –       –                  
Exercised     –       –                  
Canceled or expired     (425,000 )     4.19                  
Balance, December 31, 2012     6,231,250       3.58       1.88     $ 671,263  
Exercisable at December 31, 2012     5,322,083       3.64       1.71       599,754  

 

 

Non-Plan

Outstanding Warrants

   Shares    

 

Weighted Average Exercise price Per Common Share

    

Weighted Average Remaining Contractual Life

(in years)

    

Aggregate

Intrinsic

Value

  
Balance, December 31, 2011     2,502,898     $ 2.58                  
Granted     –       –                  
Exercised     (250,000 )     2.52                  
Canceled or expired     (750,000 )     4.77                  
Balance, December 31, 2012     1,502,898       1.50       0.64     $ 1,653,786  
Exercisable at December 31, 2012     1,502,898       1.50       0.64       1,653,786  
Data used to calculate the fair value

The following is the average of the data used to calculate the fair value:

 

    Risk-free     Expected      Expected      Expected  
    Interest Rate     Life     Volatility     Dividends  
December 31, 2011     1.62%       3.4 years       91.94%       –  
December 31, 2010     1.92%       3.2 years       90.65%       –