8. STOCK INCENTIVE PLAN (Tables)

12 Months Ended

Dec. 31, 2012

Stock Incentive Plan Tables

Stock options outstanding

The following table presents information on stock options outstanding for the periods shown:

	2012					2011
	Weighted Average Exercise					Weighted Average Exercise
	Shares			Price			Shares			Price
Outstanding at beginning of period		356,200		$	3.71			208,700		$	4.12
Granted		-			-			155,000			3.17
Exercised		(2,000	)		3.09			-			-
Forfeited		(43,000	)		3.31			(7,500	)		4.17
Outstanding at end of period		311,200		$	3.76			356,200		$	3.71

Stock options outstanding vested and expected to vest

The following table presents information on stock options outstanding for the periods shown:

	2012		2011
Intrinsic value of options exercised in the period	$	1,023	$	-
Stock options fully vested and expected to vest		311,200		356,200
Weighted average exercise price	$	3.76	$	3.71
Aggregate intrinsic value	$	84,400	$	8,440
Weighted average contractual term of options	3.54 years		5.09 years
Stock options vested and currently exercisable		223,200		208,700
Weighted average exercise price	$	3.99	$	4.12
Aggregate intrinsic value	$	40,870	$	8,440
Weighted average contractual term of options	2.90 years		3.64 years

Weighted-average options outstanding and exercisable

Weighted-average options outstanding and exercisable at December 31, 2012 are as follows:

		Options Outstanding						Options Exercisable
				Weighted
		Number		Average		Weighted		Number		Weighted
		Outstanding at		Remaining		Average		Exercisable at		Average
Exercise		December 31,		Contractual		Exercise		December 31,		Exercise
Price		2012		Life		Price		2012		Price
$	2.31		12,000		1.40	$	2.31		12,000	$	2.31
	2.99		16,000		2.12		2.99		16,000		2.99
	3.09		35,000		8.56		3.09		7,000		3.09
	3.24		80,000		3.55		3.24		20,000		3.24
	3.76		91,000		2.58		3.76		91,000		3.76
	5.00		77,200		2.99		5.00		77,200		5.00
$	2.31 - $ 5.00		311,200		3.54	$	3.76		223,200	$	3.99