Quarterly report pursuant to sections 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v2.4.0.6
STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 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 Stock
Options
 
 
Weighted Average Exercise
Price per
Share
 
 
Weighted
Average
Remaining
Contractual
Life
 
 
 
 
 
 
 
 
 
 
Outstanding at January 1, 2012
 
 
1,347,750
 
 
$
3.66
 
 
 
 
Granted
 
 
--
 
 
 
--
 
 
 
 
Exercised
 
 
(74,570
)
 
 
3.05
 
 
 
 
Expired
 
 
(200,000
)
 
 
3.40
 
 
 
 
Cancelled
 
 
--
 
 
 
--
 
 
 
 
Forfeited
 
 
--
 
 
 
--
 
 
 
 
Outstanding at September 30, 2012
 
 
1,073,180
 
 
$
3.75
 
 
 
7.6
 
Exercisable at September 30, 2012
 
 
299,928
 
 
$
3.26
 
 
 
6.8