STOCK-BASED EMPLOYEE COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2013

STOCK-BASED EMPLOYEE COMPENSATION [Abstract]

Summary of share-based compensation valuation assumptions

	Three months ended
	March 31, 2013
Expected volatility		84	%
Expected dividend yield		0.00	%
Risk-free interest rate		1.00	%
Expected life		5.50 years
Forfeiture rate		0	%

Summary of activity under stock option plans

As of March 31, 2013, the Company has approximately $96 of unrecognized stock compensation expense which will be recognized over a period of approximately 1.9 years.

	Shares		Weighted Average Exercise Price		Remaining Contractual Life (in years)		Aggregate Intrinsic Value  (in thousands)
Outstanding at December 31, 2012		—	$	—
Grants		850,000		0.26
Exercised		—		—
Forfeited, cancelled or expired		—		—
Outstanding at March 31, 2013		850,000	$	0.26		9.9	$	187
Exercisable at March 31, 2013		283,000	$	0.26		9.9	$	62