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Shareholders' Equity
 3 Months Ended
Mar. 31, 2013
Shareholders' Equity [Abstract]  
Shareholders' Equity
8)           Shareholders' Equity

Common Stock

During the three months ended March 31, 2013, the Company issued 15,000 shares of common stock to officers of the Company pursuant to the 2001 Stock Compensation Plan.

The following table details the changes in common stock during the three months ended March 31, 2013:
 
(Amounts in thousands, except for share amounts)
Additional
Common Stock
Paid-In
Shares
Amount
Capital
Balance January 1, 2013
27,652,602$277$123,078
2001 stock compensation plan
15,000--23
Expense of employee options vesting
----16
Expense of outside director options vesting
----16
Balance March 31, 2013
27,667,602$277$123,133
 

Stock Option Plans

The following table represents the activity in employee stock options and non-employee director stock options for the three months ended March 31, 2013:

Employee Stock Options
Director Stock Options
Weighted
Weighted
Average
Average
Exercise
Exercise
Options
Price
Options
Price
Outstanding balance at December 31, 2012
2,259,282$3.80150,000$3.05
Granted
--$----$--
Forfeited
--$----$--
Expired
--$----$--
Exercised
--$----$--
Outstanding at March 31, 2013
2,259,282$3.80150,000$3.05
Exercisable at March 31, 2013
2,119,282$3.9083,335$2.97
Weighted Average Remaining Contractual Life - Years
4.056.22
Aggregate intrinsic value of options / warrants outstanding
$-$-
 
Employee Stock Option Plans. During the three months ended March 31, 2013 and 2012, we recorded $16,000 and $2,000, respectively, in compensation expense for employee stock options. We will recognize an additional $149,000 in expense over the vesting period of the outstanding employee options.

Director Option Plans. During the three months ended March 31, 2013 and 2012, we recorded $16,000 and $22,000, respectively, in expense for options issued to non-employee directors. We will recognize an additional $96,000 in expense over the vesting period of the outstanding director options.