STOCK-BASED COMPENSATION PLAN (Tables)

3 Months Ended

Mar. 31, 2013

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, 2013		50,000		1.50		1.75
Exercisable at January 1, 2013		50,000	$	1.50		1.75
Granted		-		-		-
Exercised		-		-		-
Forfeited		-		-		-
Outstanding at March 31, 2013		50,000		1.50		1.50
Exercisable at March 31, 2013		50,000	$	1.50		1.50

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, 2013		3,733,333		1.36		1.09
Exercisable at January 1, 2013		3,733,333	$	1.36		1.09
Granted		-		-		-
Exercised		-		-		-
Forfeited		-		-		-
Outstanding at March 31, 2013		3,733,333		1.36		0.84
Exercisable at March 31, 2013		3,733,333	$	1.36		0.84

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, 2013		210,000		2.60		2.05
Exercisable at January 1, 2013		210,000	$	2.60		2.05
Granted		-		-		-
Exercised		-		-		-
Forfeited		-		-		-
Outstanding at March 31, 2013		210,000		2.60		1.80
Exercisable at March 31, 2013		210,000	$	2.60		1.80