STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2013

STOCK- BASED COMPENSATION [Abstract]

Schedule for components of stock based compensation

The following table summarizes the components of the Company’s stock-based compensation included in net (loss) income:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Employee stock options	$	161,227		$	115,372		$	300,497		$	280,646
Restricted stock awards		335,740			164,449			443,136			288,584
Income tax benefit		(162,247	)		(59,623	)		(201,184	)		(104,629	)
Totals	$	334,720		$	220,198		$	542,449		$	464,601

Summary of the stock option activity

Stock Options - The following is a summary of the stock option activity for the six months ended June 30, 2013:

	Shares			Weighted Average Exercise Price
Outstanding, December 31, 2012		1,147,847		$	2.31
Granted		176,002		$	3.79
Exercised		(13,125	)	$	1.02
Forfeited		(71,460	)	$	2.12
Expired		(70,786	)	$	2.21
Outstanding, June 30, 2013		1,168,478		$	2.56

Weighted average assumptions for stock options granted

The fair value of each stock option is estimated on the date of grant using the Black-Scholes-Merton option pricing model with the following weighted average assumptions for stock options granted during the six months ended June 30, 2013:

Dividend yield	0.0	%
Expected volatility	92.9	%
Risk-free interest rate	0.83	%
Expected lives (years)	5.0

Information about stock options outstanding

The following table summarizes information about stock options outstanding at June 30, 2013:

Options Outstanding						Options Exercisable						Options Vested or Expected to Vest
Balance as of 6/30/2013		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Balance as of 6/30/2013		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Balance as of 6/30/2013		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price
	1,168,478		7.72	$	2.56		803,203		7.25	$	2.23		1,122,013		7.66	$	2.52

Restricted stock activity

Restricted Stock - The following is a summary of the restricted stock activity for the six months ended June 30, 2013:

	Shares			Weighted Average Grant Date Fair Value
Unvested, December 31, 2012		191,843		$	3.38
Granted		253,403		$	3.95
Vested		(173,843	)	$	3.75
Canceled		-		$	-
Unvested, June 30, 2013		271,403		$	3.68