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2. STOCK BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2012

Stock Based Compensation Tables

Value of outstanding stock options

The following table presents information related to the value of outstanding stock options for the periods shown:

				Three months ended								Nine months ended
				September 30, 2012								September 30, 2012
				Weighted Average Exercise								Weighted Average Exercise
				Shares				Price				Shares
	Outstanding at beginning of period				356,200			$	3.71				356,200			$	3.71
	Granted				—				—				—				—
	Exercised				—				—				—				—
	Forfeited				(30,000	)			3.09				(30,000	)			3.09
	Outstanding at end of period				326,200			$	3.76				326,200			$	3.76

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- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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