Stock Options

6 Months Ended

Jun. 30, 2011

STOCK OPTIONS [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

STOCK OPTIONS

In accordance with ASC 718, stock option expense for the three months ended June 30, 2011 and 2010 was $8,522 and $10,917, respectively and for the six months ended June 30, 2011 and 2010 was $17,043 and $25,532, respectively. The Company uses the Black-Scholes option-pricing model to measure the fair value of stock options granted to employees.The Company did not issue any stock options for the six months ended June 30, 2011.

The following table summarized options outstanding at June 30, 2011

	Number of Shares		Weighted Average Exercise Price
Balance, December 31, 2010	587,965		$	1.59
Granted	—		—
Forfeited	—		—
Exercised	(122,000	)	(0.86		)
Outstanding options at end of quarter	465,965		1.78
Outstanding exercisable options at end of quarter	465,965		1.78

The intrinsic value of outstanding and exercisable options at June 30, 2011 was approximately $111,000 .