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2. STOCK BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2012
Stock Based Compensation Tables  
Value of outstanding stock options

Three months ended     Six months ended  
    June 30, 2012     June 30, 2012  
    Weighted Average Exercise     Weighted Average Exercise  
    Shares     Price     Shares     Price  
                         
Outstanding at beginning of period     356,200     $ 3.71       356,200     $ 3.71  
Granted     -       -       -       -  
Exercised     -       -       -       -  
Forfeited     -       -       -       -  
                                 
Outstanding at end of period     356,200     $ 3.71       356,200     $ 3.71  

Pre-tax compensation expense related to stock options

The following table presents information related to the pretax compensation expense related to stock options for the periods shown:

 

    Three months ended     Six months ended
    June 30,     June 30,
    2012     2011     2012     2011
                       
Pretax compensation  expense                      
     related to stock options 4,500   -    9,802    -