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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2012
STOCKHOLDERS' EQUITY  
Schedule of preferred stock conversion rate

 

 

 
  Preferred
to common

Period

   

Prior to June 30, 2005

  1 to 1

July 1, 2005 through June 30, 2006

  1 to .75

July 1, 2006 through redemption

  1 to .50
Schedule of information about equity compensation plans

The table below includes information about our equity compensation plans as of December 31, 2012:

 
  Number of
Shares
Authorized
for Issuance
under plan
  Number of
securities to be
issued upon
exercise of
outstanding
options and
restricted stock
  Weighted-average
exercise price of
outstanding
options and
restricted stock
  Number of
securities
remaining
available for
future issuance
under equity
compensation
plans
 

2000 Equity Incentive Plan

    1,975,000     395,348   $ 3.12     0  

2001 Stock Incentive Plan

    2,500,000     257,311   $ 6.19     0  

2001 Key Employee Stock Incentive Plan

    2,500,000     916,650   $ 0.87     0  

2010 Stock Incentive Plan

    6,950,000     2,026,460   $ 3.11     4,658,895  
                   

Total

    13,925,000     3,595,769   $ 2.76     4,658,895  
                     
Schedule of options issued to employees and changes during the years

A summary of the status of the Company's options issued to employees as of December 31, 2012, 2011 and 2010 and changes during the years ended on those dates is presented below:

 
  Incentive
options
  Weighted Average
Exercise Price
 

Options outstanding—December 31, 2009

    3,419,040   $ 6.02  

Issued

    1,098,500   $ 2.44  

Exercised

    (249,671 ) $ 0.51  

Expired

    (624,000 ) $ 9.08  

Forfeited

    (102,166 ) $ 4.71  
             

Options outstanding—December 31, 2010

    3,541,703   $ 4.80  

Issued

    143,000   $ 3.92  

Exercised

    (155,935 ) $ 0.79  

Expired

    (365,750 ) $ 13.67  

Forfeited

    (70,033 ) $ 5.50  
             

Options outstanding—December 31, 2011

    3,092,985   $ 3.89  
             

Issued

    269,000   $ 2.80  

Exercised

    (658,510 ) $ 1.27  

Expired

    (405,666 ) $ 11.08  

Forfeited

    (308,500 ) $ 8.17  
             

Options outstanding—December 31, 2012

    1,989,309   $ 2.48  
             
Summary of information about the Company's stock options outstanding


 
  Number of
Options
  Weighted
Average
Exercise
Price
  Weighted
Average
Remaining
Term
(in years)
 

Outstanding at December 31, 2012

    1,989,309   $ 2.48     2.07  
               

Exercisable at December 31, 2012

    1,413,765   $ 2.34     1.47  
               
Schedule of restricted stock issued to employees and changes during the years

A summary of the status of the Company's restricted stock issued to employees as of December 31, 2012, 2011 and 2010 and changes during the years ended on those dates is presented below:

 
  Shares   Weighted
Average
Fair Value
 

Outstanding at December 31, 2009

    81,113   $ 11.00  

Granted

    533,437     2.42  

Vested

    (581,439 )   3.15  

Forfeited

    (4,738 )   6.97  
             

Outstanding at December 31, 2010

    28,373   $ 11.15  

Granted

    662,562     4.22  

Vested

    (36,248 )   9.67  

Forfeited

    (38,956 )   4.22  
             

Outstanding at December 31, 2011

    615,731   $ 4.22  

Granted

    1,405,965     2.19  

Vested

    (405,650 )   3.86  

Forfeited

    (9,586 )   3.20  
             

Outstanding at December 31, 2012

    1,606,460   $ 2.54