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STOCK OPTIONS
 6 Months Ended
Jun. 30, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Options
STOCK OPTIONS
 
The following table summarizes stock option activity during the six months ended June 30, 2012:
 
 
Number of
Options
 
Weighted Average
Exercise Price
Balance at January 1, 2012
4,172,000

 
$
1.10

Granted
149,000

 
1.36

Exercised
(20,000
)
 
(0.50
)
Forfeited
(104,162
)
 
(1.19
)
Canceled
(14,667
)
 
(5.73
)
Balance at June 30, 2012
4,182,171

 
$
1.09

Exercisable at June 30, 2012
2,898,976

 
$
1.05


    
During the six months ended June 30, 2012, we granted options exercisable to purchase 149,000 shares of common stock at a weighted average exercise price of $1.36 per share under our 2006 Equity Incentive Plan. Options to purchase an aggregate of 2,335,500 shares of common stock were granted during the six months ended June 30, 2011.