Stock-Based Compensation

3 Months Ended

Mar. 31, 2012

STOCK-BASED COMPENSATION [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

STOCK-BASED COMPENSATION:

The Company’s net income (loss) for the three months ended March 31, 2012 and March 31, 2011 included $0.3 million and $0.2 million, respectively, of stock based compensation expense. Stock based compensation for the three months ended March 31, 2012 included $41,749 related to the extension of the expiration periods of certain stock options due to the reduction in force.

	Three Months Ended March 31,
Stock Based Compensation	2012		2011
Cost of revenues	$	7,088	$	3,844
General and administrative	261,862		171,290
Research and development	50,485		25,146
Total	$	319,435	$	200,280

During the three months ended March 31, 2012, the Company granted 835,000 options to employees. During the three months ended March 31, 2012, 225,625 options expired unexercised.