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8 - SHARE BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2013
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The option activity during the three months ended March 31, 2013 is as follows:

   
Number of Shares
   
Weighted Average
Exercise Price
   
Weighted Average
Years Remaining
Contractual Term
   
Aggregate
Intrinsic Value
 
                         
Outstanding at December 31, 2012
    454,500     $ 1.35       4.8     $ 6,200  
  Forfeited
    (20,000 )     1.73                  
Outstanding at March 31, 2013
    434,500       1.33       4.6     $ 8,500  
Exercisable at March 31, 2013
    269,834     $ 1.48       3.2     $ 6,400