SHARE-BASED PAYMENTS (PREDECESSOR)

12 Months Ended

Dec. 31, 2011

SHARE-BASED PAYMENTS (PREDECESSOR)

15. SHARE-BASED PAYMENTS (PREDECESSOR)

Stock Compensation Plans — At December 31, 2010, the Company had two active stock option plans and two expired stock option plans, which have been described in previous filings with the SEC. Both plans were terminated upon the Substantial Consummation Date.

The activity of the 1993 Option Plan and the two director option plans (the 1996 Option Plan and the 2005 Stock Option Plan for Non-employee Directors) is as follows:

				Weighted-
				Average
				Per Share
				Exercise
Stock Options	Shares			Price
Outstanding, December 31, 2009		216,000		$	7.82
Expired		(30,000	)	$	2.56
Automatic grant to directors		18,000		$	0.34
Outstanding, December 31, 2010		204,000		$	7.93

	Options Outstanding
	Number		Weighted-
	Outstanding		Average	Weighted-
	at		Remaining	Average
Range of	December 31,		Contractual	Exercise
Exercise Prices	2010		Life	Price
$1.33 to $2.00		66,000	8.64 years	$	1.37
$2.18 to $20.00		102,000	3.36 years	$	4.72
$20.00 to $36.56		36,000	5.92 years	$	29.08

All share-based payment arrangements were terminated upon the Substantial Consummation Date.