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STOCK OPTIONS
 3 Months Ended
Mar. 31, 2012
Stock Options [Abstract]  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
STOCK OPTIONS
 
The following table summarizes stock option activity during the three months ended March 31, 2012:
 
 
Number of
Options
 
Weighted Average
Exercise Price
Balance at January 1, 2012
4,172,000

 
$
1.10

Granted
100,000

 
1.45

Exercised
(20,000
)
 
(0.50
)
Forfeited
(39,998
)
 
2.80

Cancelled
(18,001
)
 
(4.89
)
Balance at March 31, 2012
4,194,001

 
$
1.09

Exercisable at March 31, 2012
2,224,710

 
$
1.01

    
During the three months ended March 31, 2012, we granted options exercisable to purchase 100,000 shares of common stock at a weighted average exercise price of $1.45 per share under our 2006 Equity Incentive Plan. Options to purchase an aggregate of 130,000 shares of common stock were granted during the three months ended March 31, 2011.