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Shareholders' Equity
 6 Months Ended
Jun. 30, 2013
Shareholders' Equity [Abstract]  
Shareholders' Equity
8)       Shareholders’ Equity

Common Stock

During the three and six months ended June 30, 2013, the Company issued 15,000 shares and 30,000 shares, respectively, 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 six months ended June 30, 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
  30,000   --   48 
 Expense of employee options vesting
  --   --   32 
 Expense of outside director options vesting
  --   --   31 
 Balance June 30, 2013
  27,682,602  $277  $123,189 
              
 
 
Stock Option Plans

The following table represents the activity in employee stock options and non-employee director stock options for the six months ended June 30, 2013:

   
June 30, 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  $3.80   150,000  $3.05 
Granted
  --  $--   --  $-- 
Forfeited
  --  $--   --  $-- 
Expired
  --  $--   (40,000) $2.60 
Exercised
  --  $--   --  $-- 
Outstanding at June 30, 2013
  2,259,282  $3.80   110,000  $3.21 
Exercisable at June 30, 2013
  2,119,282  $3.90   53,334  $3.53 
                  
Weighted Average Remaining Contractual Life - Years
   3.80       8.14 
                  
Aggregate intrinsic value of options outstanding
     $--      $-- 
                  
 
Employee Stock Option Plans.  During the three and six months ended June 30, 2013 we recorded $16,000 and $32,000, respectively, in compensation expense for employee stock options.  During the three and six months ended June 30, 2012 we recorded $2,000 in compensation expense for employee stock options.  We will recognize an additional $132,000 in expense over the vesting period of the outstanding employee options.

Director Option Plans.  During the three and six months ended June 30, 2013 we recorded $16,000 and $31,000, respectively, in expense for options issued to non-employee directors.  During the three and six months ended June 30, 2012 we recorded $15,000 and $37,000, respectively, in expense for options issued to non-employee directors.  We will recognize an additional $81,000 in expense over the vesting period of the outstanding director options.