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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2012
Stock Option Transactions

The following table summarizes all Company stock option transactions between January 1, 2012 and June 30, 2012.

 

    Number of Option
and Warrants
Outstanding
    Number of Option
and Warrants
Non-vested
    Number of Option
and Warrants
Vested
    Range of
Exercise Price per
Common Share
 
Balance, January 1, 2012     1,144,471       -       1,144,471     $2.41 - $12.60  
Granted during the six-month period ended June 30, 2012     25,000       25,000       -     $2.06 - $2.77  
Vested during the six-month period ended June 30, 2012     -       (25,000 )     25,000     $2.06 - $2.77  
Balance, June 30, 2012     1,169,471       -       1,169,471     $2.06 - $12.60  
Stock and Warrants Options Outstanding
    Stock and Warrants Options Outstanding  
                Weighted Average     Weighted Average  
                Remaining     Exercise Price of  
    Outstanding at
June 30, 2012
    Range of
Exercise Prices
    Contractual Life
(Years)
    Options Currently
Outstanding
 
Exercisable and outstanding     1,169,471     $2.06 - $12.60       2.42     $ 6.21