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15. STOCK OPTIONS AND WARRANTS (Tables) | 12 Months Ended
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Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Fair values of stock options granted | The fair values of stock options granted were estimated using the Black-Sholes option-pricing model with the following assumptions for the years ended December 31:
|  | 2012 |  |  | 2011 |
Risk-free interest rates |  |  | 0.66 - 0.73 | % |  |  | 1.80 | %
Expected life |  |  | 5 |  |  |  | 5 |
Expected volatility |  |  | 25 | % |  |  | 25 | %
Dividend yield |  |  | - |  |  |  | - |
Weighted-average grant date fair value per share |  | $ | 1.31 |  |  | $ | 0.76 |
Company's stock options | A summary of the status of the Company's stock options as of December 31, 2012, and changes during the two years then ended is presented below.
|  | Options |  |  | Wtd. Avg. Exercise Price |
Balance, December 31, 2010 |  |  | 291,431 |  |  | $ | 10.68 |
Granted during the period |  |  | 15,000 |  |  |  | 2.95 |
Exercised during the period |  |  | - |  |  |  | - |
Terminated/Expired during the period |  |  | (115 | ) |  |  | (105.39 | )
Balance, December 31, 2011 |  |  | 306,316 |  |  | $ | 10.27 |
Granted during the period |  |  | 21,000 |  |  |  | 5.61 |
Exercised during the period |  |  | - |  |  |  | - |
Terminated/Expired during the period |  |  | - |  |  |  | - |
Balance, December 31, 2012 |  |  | 327,316 |  |  | $ | 9.97 |
Exercisable at December 31, 2012 |  |  | 326,736 |  |  | $ | 10.00 |
Summary information about stock options | The following table summarizes information about stock options at December 31, 2012:
Range of Exercise Prices |  | Remaining Number Outstanding |  | Wtd. Avg. Life |  | Wtd. Avg. Exercise Price |
$0.00 - 5.00 |  |  | 293,766 |  | 3 years |  | $ | 4.41 |
$5.01 - 90.00 |  |  | 19,350 |  | 5 years |  | $ | 11.72 |
$90.01 - 100.00 |  |  | 5,888 |  | 2 years |  | $ | 92.18 |
$100.01 - 110.00 |  |  | 833 |  | 1 years |  | $ | 108.00 |
$110.01 - 170.00 |  |  | 3,529 |  | 1 years |  | $ | 111.89 |
$170.01 - 200.00 |  |  | 3,950 |  | 2 years |  | $ | 181.00 |
|  |  | 327,316 |  | 3 years |  | $ | 9.97 |
Company's outstanding warrants | The following tables summarize the Company's outstanding warrants as of December 31, 2012 and changes during the two years then ended:
|  | Warrants |  |  | Wtd. Avg. Exercise Price |
Balance, December 31, 2010 |  |  | 19,865 |  |  | $ | 99.26 |
Granted during the period |  |  | - |  |  |  | - |
Exercised during the period |  |  | - |  |  |  | - |
Terminated/Expired during the period |  |  | - |  |  |  | - |
Balance, December 31, 2011 |  |  | 19,865 |  |  | $ | 99.26 |
Granted during the period |  |  | 118,585 |  |  |  | 6.30 |
Exercised during the period |  |  | - |  |  |  | - |
Terminated/Expired during the period |  |  | (19,615 | ) |  |  | 99.97 |
Balance, December 31, 2012 |  |  | 118,835 |  |  | $ | 6.38 |
Exercisable at December 31, 2012 |  |  | 118,835 |  |  | $ | 6.38 |
warrants | The following table summarizes information about warrants at December 31, 2012:
Range of Exercise Prices |  | Warrants |  | Wtd. Avg. Life |  | Wtd. Avg. Exercise Price |
$ 0.00 - 10.00 |  |  | 118,585 |  | 4 years |  | $ | 6.30 |
$ 10.00 - 50.00 |  |  | 250 |  | 1 year |  | $ | 43.60 |
|  |  | 118,835 |  | 1 year |  | $ | 6.38 |

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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 6 -Footnote 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the application of the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, provide the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (b) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (c) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) for loans and other receivables held as assets, the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk; (c) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk, the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk; and (3) certain other disclosures as required or determined to be provided. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 22 -Subparagraph b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. 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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph i -Article 4 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(i)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 28 -Article 5 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number D-98 -Paragraph 2 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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