NOTE 9: WARRANTS

12 Months Ended

Dec. 31, 2011

Derivative Instruments and Hedging Activities Disclosure [Text Block]

NOTE 9:WARRANTS

We have issued warrants related to various transactions in previous years; a summary of warrant transactions follows for the year ended December 31, 2011. The aggregate intrinsic value is based on the closing price of $0.05 on December 30, 2011.

	Shares Underlying Warrants		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value (In-The-Money)
Outstanding and exercisable at December 31, 2010		639		0.78		1.3	$	-
Outstanding and exercisable at December 31, 2011		439		0.82		1.0	$	-

In connection with the purchase of Flotation in 2008, we issued warrants to purchase 200 shares of nonvested stock at $0.70 per share to an entity affiliated with the selling shareholders for the acquisition of related technology. Each warrant was exercisable, in whole or in part, until 39 months from the date of issuance. The fair value of the warrants was $122 on the date of the issuance, as calculated by the Black-Scholes model. These warrants expired, unexercised, on September 3, 2011. At December 31, 2011 and 2010, there were 439 and 639 warrants outstanding, respectively.

The following summarizes our outstanding warrants and their respective exercise prices at December 31, 2011:

Exercise Price		Shares Underlying Warrants
$	0.75		320
$	1.01		119
			439