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Stockholders' Equity
12 Months Ended
Dec. 31, 2011
Stockholders' Equity [Abstract]  
STOCKHOLDERS' EQUITY

(9) STOCKHOLDERS’ EQUITY

NON-EMPLOYEE WARRANTS:

As of December 31, 2011, there were 50,000 non-employee warrants outstanding that have an exercise price of $0.71 and expire on September 29, 2012.

COMMON STOCK ISSUANCES:

In the second quarter of 2011, 112,500 shares of common stock were issued for cash of $48 upon the exercise of stock options. During 2011 and 2010, 99,964 and 106,849 shares of common stock were issued to individuals as non-cash compensation for services rendered, both valued at approximately $79 (based on the market price of the Company’s common stock on the date of the grants).

For stock warrants or options granted to non-employees, the Company measures fair value of the equity instruments utilizing the Black-Scholes method if that valuation method results in a more reliable measurement than the fair value of the consideration or the services received. For stock granted, the Company measures fair value of the shares issued utilizing the market price of the shares on the date the transaction takes place. The Company amortizes such costs over the related period of service.