NOTE 11 - SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2013

Note 11 - Share-Based Compensation Tables

Impact on operations of recording share-based compensation

	Three Months Ended
	March 31, 2013	March 31, 2012
(in thousands)
Cost of goods sold	$11	$12
Research and development	20	26
Selling, general and administrative	39	93
Total share-based compensation	$70	$131
Impact on net earnings per share:
Basic and diluted	($0.01)	($0.01)

Fair value of share-based awards for employee stock options

The following weighted average assumptions were used to calculate the fair value of stock options granted during the three months ended March 31, 2013 and 2012:

	Three Months Ended
	March 31, 2013	March 31, 2012
Risk-free interest rates	0.68%	0.70%
Volatility factors	0.54	0.52
Expected life of the option in years	4.00	4.00
Expected dividend yield	None	None

Stock option grants

	Three Months Ended
	March 31, 2013	March 31, 2012
Stock Options Granted	30,000	15,000

Unvested options grants and restricted stock awards

	March 31, 2013
Unamortized future compensation expense	$	879,684
Remaining weighted average amortization period in years		2.57