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NOTE 12- SHARE REPURCHASE PROGRAMS

3 Months Ended

Mar. 31, 2013

NOTE 12 – SHARE REPURCHASE PROGRAMS

On October 20, 2011, we announced a stock repurchase program to buy back up to $1 million dollars of stock over four quarters. On January 13, 2012, this stock repurchase program was terminated. Under this program, we have repurchased 73,497 shares of stock at an average price of $3.96 for a total of $291,260 plus $2,983 in commissions.

On January 9, 2012, our board of directors approved a new and expanded 2012 share repurchase program with provisions to buy back up to $6 million dollars of stock. The program included establishing a Rule 10b5-1 plan under the Exchange Act to provide flexibility to make purchases at any time. The 10b5-1 trading plan allows us to repurchase our common stock in the open market during periods in which stock trading is otherwise closed for us. For the quarter ended March 31, 2012, 1,472,208 shares of stock have been repurchased at an average price of $4.03 for a total of $5,927,937 plus $56,938 in commissions, completing the program.

There has been no further share repurchase program activity from April 1, 2012 to March 31, 2013.

The following is a summary of share repurchase activity under both plans through March 31, 2013:

		Total Number of Shares Purchased	Average Price Paid per Share	Total Number of Shares Purchased as Part of Publicly Announced Repurchase Program	Approximate Dollar Value of Shares that May Yet Be Purchased under the Program

$1 million program dated October 20, 2011:
	November 2011	32,068	$3.88	32,068	$874,328
	December 2011	30,848	$4.07	30,848	$747,463
	January 2012 (1)	10,581	$3.90	10,581	$0

$6 million program dated January 9, 2012:
	January 2012	171,832	$4.18	171,832	$5,274,294
	February 2012	243,862	$4.25	243,862	$4,228,920
	March 2012 (2)	1,056,514	$3.95	1,056,514	$0
	Total	1,545,705	$4.02	1,545,705

(1) Program terminated January 13, 2012
(2) Program terminated March 26, 2012