STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2012

STOCK-BASED COMPENSATION [Abstract]

Status of stock option awards

A summary of the status of the Company's stock option awards is presented below:

	Number of StockOptions			Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Life
Outstanding at January 1, 2012		1,347,750		$	3.66
Granted		--			--
Exercised		(54,570	)		1.93
Expired		(200,000	)		3.40
Cancelled		--			--
Forfeited		--			--
Outstanding at June 30, 2012		1,093,180		$	3.76		7.8
Exercisable at June 30, 2012		280,595		$	3.21		6.9