RETIREMENT PLANS

12 Months Ended

Dec. 31, 2011

RETIREMENT PLANS [Abstract]

Asset Retirement Obligation Disclosure [Text Block]

RETIREMENT PLANS

The Company maintains certain defined contribution retirement plans covering substantially all U.S. domestic employees.  The Company’s contributions to these retirement plans were $14,000 and $48,000 in the years ended December 31, 2011 and 2010, respectively.

The Company’s subsidiary in France has a defined benefit pension plan.  The plan is an unfunded plan.  As such, no contributions were made in either of the periods presented.  The plan does not have plan assets.  Employee benefits are based on years of service and the employees’ compensation during their employment.  The actuarially computed components of net periodic benefit cost included the following components for the years ended December 31, (in thousands):

	2011		2010
Service costs	$	14	$	13
Interest costs	14		12
Amortization of unrecognized prior service cost	2		—
Net periodic pension expense	$	30	$	25

The following table sets forth the funded status and amounts recognized in the Company’s consolidated statement of operations for the years ended December 31, (in thousands):

	2011		2010
Change in benefit obligation:
Projected benefit obligation, beginning of year	$	297	$	283
Service cost	14		13
Interest cost	14		12
Plan amendments	—		48
Actuarial gain	12		(59		)
Projected benefit obligation, end of year	$	337	$	297
Unfunded status	$	337	$	297
Unrecognized loss	—		119
Net amount recognized	$	337	$	416

The weighted average assumptions used to determine pension benefit obligations at December 31, were as follows:

	2011		2010
Discount rate	4.0	%	4.5	%
Rate of compensation increase	2.5	%	2.0	%