Quarterly report pursuant to sections 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v2.4.0.6
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2012
STOCK-BASED COMPENSATION [Abstract]  
Status of stock option awards
A summary of the status of the Company's stock option awards is presented below:

   
Number of StockOptions
   
Weighted Average Exercise Price per Share
   
Weighted
Average
Remaining
Contractual
Life
 
                   
Outstanding at January 1, 2012
    1,347,750     $ 3.66        
   Granted
    --       --        
   Exercised
    (54,570 )     1.93        
   Expired
    (200,000 )     3.40        
   Cancelled
    --       --        
   Forfeited
    --       --        
Outstanding at June 30, 2012
    1,093,180     $ 3.76       7.8  
Exercisable at June 30, 2012
    280,595     $ 3.21       6.9