STOCKHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2013

Stockholders' Equity Note [Abstract]

STOCKHOLDERS' EQUITY

NOTE 6. STOCKHOLDERS’ EQUITY

Stock Options

We recognized $72,000 and $54,000 in compensation expense in operating, general and administrative expenses in the Statements of Operations for the three months ended June 30, 2013 and 2012, respectively. We recognized $144,000 and $228,000 in compensation expense in operating, general and administrative expenses in the Statements of Operations for the six months ended June 30, 2013 and 2012, respectively. At June 30, 2013, there was approximately $266,110 of total unrecognized compensation expense related to non-vested stock option awards. The remaining $266,110 in compensation expense will be recognized at $72,000 per quarter with the final $122,110 being recognized in the last three quarters ending December 31, 2014.