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STOCK-BASED COMPENSATION PLAN (Tables)
12 Months Ended
Dec. 31, 2012
Activity for Warrants to Certain Investor Relations IR Firms

The following table summarizes activity for the warrants to certain investor relations IR firms:

 

  Number of
Shares
  Average
Exercise
Price per Share
  Weighted
Average
Remaining
Contractual
Term in Years
 
          
Outstanding at January 1, 2011  50,000  $1.50   3.75 
Exercisable at January 1, 2011  50,000   1.50   3.75 
Granted  -   -   - 
Exercised  -   -   - 
Forfeited  -   -   - 
Outstanding at December 31, 2011  50,000   1.50   2.75 
Exercisable at December 31, 2011  50,000   1.50   2.75 
Granted  -   -   - 
Exercised  -   -   - 
Forfeited  -   -   - 
Outstanding at December 31, 2012  50,000   1.50   1.75 
Exercisable at December 31, 2012  50,000  $1.50   1.75 
Employee Stock Option [Member]
 
Summary of Option Activity

The following table summarizes activity for employees in the Company’s Plan:

 

  Number of
Shares
  Average
Exercise
Price per Share
  Weighted
Average
Remaining
Contractual
Term in Years
 
          
Outstanding at January 1, 2011  5,200,000  $1.84   3.52 
Exercisable at January 1, 2011  2,255,000   0.86   2.59 
Granted  -   -   - 
Exercised  -   -   - 
Forfeited  733,333   -   3.61 
Outstanding at December 31, 2011  4,466,667   1.64   2.34 
Exercisable at December 31, 2011  3,675,333   1.35   2.07 
Granted  -   -   - 
Exercised  -   -   - 
Forfeited  733,334   -   - 
Outstanding at December 31, 2012  3,733,333   1.36   1.09 
Exercisable at December 31, 2012  3,733,333  $1.36   1.09
Independent Directors Compensation Plan [Member]
 
Summary of Option Activity

The following table summarizes option activity with respect to the independent directors:

 

  Number of
Shares
  Average
Exercise
Price per Share
  Weighted
Average
Remaining
Contractual
Term in Years
 
          
Outstanding at January 1, 2011  210,000  $2.60   4.05 
Exercisable at January 1, 2011  170,000   2.52   3.89 
Granted  -   -   - 
Exercised  -   -   - 
Forfeited  -   -   - 
Outstanding at December 31, 2011  210,000   2.60   3.05 
Exercisable at December 31, 2011  210,000   2.60   3.05 
Granted  -   -   - 
Exercised  -   -   - 
Forfeited  -   -   - 
Outstanding at December 31, 2012  210,000   2.60   2.05 
Exercisable at December 31, 2012  210,000  $2.60   2.05