6. STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2013

Stock-Based Compensation

STOCK-BASED COMPENSATION

Outstanding Options and Warrants				Weighted Average Exercise price Per Common		Weighted Average Remaining Contractual Life		Aggregate
Under the 2006 Plan and 2000 Plan	Shares			Share		(in years)		Intrinsic Value
Balance, December 31, 2012		6,231,250		$	3.58
Granted		–			–
Exercised		–			–
Canceled or expired		(100,000	)		9.23
Balance, March 31, 2013		6,131,250			3.49		1.67	$	1,392,200
Exercisable at March 31, 2013		5,481,250			3.52		1.54		1,292,317

				Weighted Average Exercise price Per		Weighted Average Remaining Contractual Life		Aggregate
Non-Plan Outstanding Warrants	Shares			Common Share		(in years)		Intrinsic Value
Balance, December 31, 2012		1,502,898		$	1.50
Granted		–			–
Exercised		(1,172,898	)		1.12
Canceled or expired		–			–
Balance, March 31, 2013		330,000			2.87		1.85	$	36,000
Exercisable at March 31, 2013		330,000			2.87		1.85		36,000