EMPLOYEE STOCK PLANS

6 Months Ended

Jun. 30, 2013

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

EMPLOYEE STOCK PLANS

8.  EMPLOYEE STOCK PLANS

A summary of activity under the Employee Stock Plans as of June 30, 2013 and changes during the period then ended is presented below:

	Stock Options
	Options		Weighted Average Exercise Price		Restricted Stock Shares
Outstanding – March 31, 2013		15,413,584	$	0.35		3,176,374
Exercisable – March 31, 2013		5,405,584	$	0.52		-
Granted		-	$	0.00		1,019,231
Exercised or Vested		-	$	0.00		(1,016,304	)
Forfeited or Expired		-	$	0.00		( -	)
Outstanding – June 30, 2013		15,413,584	$	0.35		3,179,301
Exercisable –  June 30, 2013		5,405,584	$	0.52		-

The weighted-average grant-date calculated value of options granted during the period ended June 30, 2013 is not applicable.  Options outstanding at June 30, 2013 had an aggregate intrinsic value of $0 and a weighted-average remaining contractual term of 1.5 years. Options that were exercisable at June 30, 2013 had an aggregate intrinsic value of $-0- and a weighted-average remaining contractual term of 1.3 years.

A summary of the status of the Company’s nonvested options and restricted stock as of and for the Quarters Ended March 31 and June 30, 2013 is presented below:

	Stock Options
Nonvested Shares	Options		Weighted- Average Grant Date.Calculated Value		Restricted Stock
Nonvested - Beginning of Year 2013		10,047,200	$	-		4,235,164
Granted		-	$	-		1,908,602
Vested		(39,200)	$	-		(2,967,392	)
Forfeited		-	$	-		-
Nonvested–Quarter Ended March 31, 2013		10,008,000	$	-		3,176,374
Granted		-	$	-		1,019,231
Vested		-	$	-		(1,016,304	)
Forfeited		-	$	-		-
Nonvested–Quarter Ended June 30, 2013		10,008,000	$	-		3,179,301

As of June 30, 2013, 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.