Stock Based Compensation

12 Months Ended

Dec. 31, 2011

7. Stock Based Compensation

Options may be granted to Company employees, directors and consultants under various stock option plans. All options granted under the plans through December 31, 2007 have been at prices which have been equal to or greater than the fair market value of the Company's common stock at the date of grant. At December 31, 2011, the Company had reserved 10,100,000 shares of Class A common stock for possible future issuance under its stock option plans.

The Company recognizes compensation expense for the Company's share-based payment awards on a straight-line basis using a separate vesting tranche for each stock option issued. The Company determined the grant-date fair value of share-based payment awards using the Black-Scholes pricing model.

The Company granted no options to purchase shares of the Company's Class A Common Stock during the years ended December 31, 2011 and 2010.

Option activity under the Company's plans is summarized below:

	2011						2010
	Shares		Weighted Average Exercise Price		Weighted Average Remaining Life		Shares			Weighted Average Exercise Price		Weighted Average Remaining Life
Outstanding at beginning of year		-		-		-		52,500		$	3.00		.2
Options granted		-		-		-		-			-		-
Options expired or forfeited		-		-		-		(52,500	)	$	3.00		-
Outstanding at end of year		-		-		-		0			-		-
Options exercisable at year-end		-		-		-		-			-		-
Shares available for future grant		10,100,000						10,100,000

There are no stock options outstanding and exercisable at December 31, 2011.