EMPLOYEE STOCK PLANS

6 Months Ended

Jun. 30, 2011

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

EMPLOYEE STOCK PLANS

6.  EMPLOYEE STOCK PLANS

A summary of activity under the Employee Stock Plans as of June 30, 2011 and changes during the period then ended is presented below:

						Restricted
	Stock Options					Stock
	Options			Weighted Average Exercise Price		Shares
Outstanding – March 31, 2011		5,745,163		$	0.55		5,932,548
Exercisable – March 31, 2011		5,662,563		$	0.53		-
Granted		200,000		$	0.23		615,714
Exercised or Vested		-			-		(3,711,207	)
Forfeited or Expired		(11,291	)	$	0.78		(65,000	)
Outstanding – June 30, 2011		5,933,872		$	0.54		2,772,055
Exercisable –  June 30, 2011		5,854,872		$	0.51		-

The weighted-average grant-date calculated value of options granted during the period ended June 30, 2011 is not applicable.  Options outstanding at June 30, 2011 had an aggregate intrinsic value of $0 and a weighted-average remaining contractual term of 3.5 years. Options that were exercisable at June 30, 2011 had an aggregate intrinsic value of $-0- and a weighted-average remaining contractual term of 3.5 years.

A summary of the status of the Company’s nonvested options and restricted stock as of and for the Quarters Ended June 30, 2011 and March 31, 2011 is presented below:

	Stock Options
Nonvested Shares	Options			Weighted- Average Grant Date.Calculated Value		Restricted Stock
Nonvested - Beginning of Year 2011		153,600		$	-		8,354,801
Granted		-		$	-		738,434
Vested		(41,400	)	$	-		(3,160,687	)
Forfeited		(29,600	)	$	-		( -	)
Nonvested–Quarter Ended March 31, 2011		82,600		$	-		5,932,548
Granted		200,000		$	-		615,714
Vested		(200,000	)	$	-		(3,711,207	)
Forfeited		(3,600	)	$	-		( 65,000	)
Nonvested–Quarter Ended June 30, 2011		79,000		$	-		2,772,055

As of June 30, 2011, there was $-0- unrecognized compensation cost related to nonvested share-based compensation arrangements under the stock bonus plan. The weighted-average remaining vesting period is 6 months.