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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2012
Summary Of Significant Accounting Policies [Abstract]  
Summary of Assumptions [Table Text Block]

 

 

2012

 

2011

 

Dividend yield(1)

 

0.0%

 

0.0%

 

Expected volatility(2)

 

 53.12% to 54.21%

 

49.11%

 

Risk-free interest rate(3)

 

1.01% to 1.61%

 

2.84%

 

Expected life(4)

 

7.0 years

 

7.0 years

 

 

 

 

 

 

 

Summary of stock based compensation

 

 

2012

 

2011

 

Stock based compensation expense recognized

 

$    192,000

 

 $   168,000

 

Number of unvested stock options

 

845,600

 

562,700

 

Fair value of unvested stock options

 

$ 1,562,050

 

$1,235,096

 

Amount remaining to be recognized as expense

 

$    638,125

 

$   640,857

 

Calculation of EPS [Table Text Block]
               

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

2012

 

2011

 

2012

 

2011

Net income (loss)

      $     1,007

 

      $        (480)

 

$    2,312

 

     $    (2,988)

 

 

 

 

 

 

 

 

Weighted average shares outstanding

           25,973

 

             25,973

 

         25,973

 

       25,973       

 

 

 

 

 

 

 

 

Net income (loss) per share – basic and diluted

      $        0.04

 

      $       (0.02)

 

$      0.09

 

     $      (0.12)