NOTE 14 - STOCK-BASED COMPENSATION

6 Months Ended

Jun. 30, 2011

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

NOTE 14 – STOCK-BASED COMPENSATION

Common Stock Issued in Connection with the Exercise of Options

During the six months ended June 30, 2011 and 2010, the Company did not issue any shares of common stock in connection with the exercise of any employee stock options.

Stock Option Plans

The following table is a summary of the stock options as of June 30, 2011:

Range of Exercise Prices	Stock Options Outstanding	Stock Options Exercisable	Weighted- Average Remaining Contractual Life	Weighted- Average Exercise Price of Options Outstanding	Weighted- Average Exercise Price of Options Exercisable
$0.40	2,025,000	2,025,000	1 year after effective registration	$0.40	$0.40