EQUITY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2012

EQUITY TRANSACTIONS

Summary of the stock option activity

	Options			Range of Exercise Prices		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life		Aggregate Intrinsic Value
								(in years)		(in millions)
Outstanding—December 31, 2009		1,209,500		$	2.50 - 16.27	$	6.91		3.65	$	—
Granted		—			—		—
Exercised		—			—		—
Expired		(470,000	)		2.50		2.50
Forfeited		(341,500	)		3.71 - 16.27		7.68
Outstanding—December 31, 2010		398,000			7.30 - 16.27		11.46		3.56		—
Granted		537,000			2.04 - 2.78		2.28
Exercised		—			—		—
Expired		(80,000	)		7.30 - 13.60		8.48
Forfeited		(54,200	)		2.32		2.32
Outstanding—December 31, 2011		800,800			2.04 - 16.27		6.22		6.81		—
Granted		392,100			2.44 - 4.02		2.53
Exercised		—			—		—
Expired		(25,000	)		15.00		15.00
Forfeited		(24,000	)		8.00 - 16.27		14.24
Outstanding—December 31, 2012		1,143,900		$	2.04 - 16.27	$	4.59		7.10	$	1.4
Exercisable at December 31, 2012		478,824		$	2.04 - 16.27	$	7.59		4.90	$	0.4

Summary of weighted-average assumptions used for determining the fair value of each stock option granted

Assumptions:	2012			2011
Expected dividend yield(1)		N/A			N/A
Expected stock price volatility(2)		74.3	%		72.9	%
Risk-free interest rates(3)		1.32	%		2.43	%
Expected life of options (in years)(4)		6.00			5.86

(1)

The expected dividend yield was based on our expectation of not paying dividends for the foreseeable future.

(2)

The expected volatility was based on the historical volatility of our common stock.

(3)

Based on the U.S. Treasury yield curve in effect at the time of grant with a term consistent with the expected term of our stock options.

(4)

Represents the period of time options are expected to be outstanding. The weighted average expected term was determined using the "simplified method" for plain vanilla options as the Company lacks sufficient historical exercise experience. The "simplified method" calculates the expected term as the average of the vesting term and original contractual term of the options.

Schedule of restricted stock unit activity

	RSUs			Weighted-Average Grant Date Fair Value		Weighted-Average Remaining Contractual Life		Aggregate Fair Value
						(in years)		(in millions)
Unvested outstanding as of December 31, 2009		—		$	—		—	$	—
Granted		880,000			1.87
Vested		(180,000	)		2.14
Forfeited		(350,000	)		1.78
Unvested outstanding as of December 31, 2010		350,000			1.81		2.30		0.7
Granted		246,200			2.57
Exercised		(199,997	)		1.80
Vested		(117,000	)		2.77
Forfeited		(51,434	)		1.97
Unvested outstanding as of December 31, 2011		227,769			2.11		1.85		0.4
Granted		192,790			3.39
Vested		(120,523	)		3.58
Forfeited		—			—
Unvested outstanding as of December 31, 2012		300,036		$	2.35		1.65	$	1.3