1. SUMMARY OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements

Stock-Based Compensation

The fair value of option grants under the Company’s equity compensation plan for the three and nine months ended September 30, 2012 and 2011 were estimated using the following weighted average assumptions:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Dividend yield		0.0	%		0.0	%		0.0	%		0.0	%
Expected volatility		87.5	%		92.0	%		88.0	%		92.0	%
Risk free interest rate		1.17	%		1.44	%		1.17	%		1.44	%
Expected lives (years)		4.0			4.0			4.0			4.0