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8 - SHARE BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2012
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The option activity during the three months ended June 30, 2012 is as follows:

   
Number of Shares
   
Weighted Average Exercise Price
   
Weighted Average Years Remaining Contractual Term
   
Aggregate Intrinsic Value
 
                         
Outstanding at December 31, 2011
    427,500     $ 1.49       4.4     $ 18,300  
  Granted
    20,000     $ 1.02       8.7     $ -  
  Forfeited
    (63,000 )     2.70                  
Outstanding at June 30, 2012
    384,500       1.43       4.7     $ 4,420  
Exercisable at June 30, 2012
    245,166     $ 1.54       3.2     $ 4,420