ACCOUNTING FOR STOCK BASED COMPENSATION PLANS (Tables)

6 Months Ended

Jun. 30, 2012

ACCOUNTING FOR STOCK BASED COMPENSATION PLANS [Abstract]

Schedule of changes in unvested restricted stock award

A summary of the Company's activity and related information for restricted stock for the periods indicated is as follows:

	Six Months Ended					Year Ended
	June 30, 2012					December 31, 2011
			Weighted-						Weighted-
			Average						Average
	Shares		Exercise Price			Shares			Exercise Price
Unvested at beginning of period		111,694		$	2.00		116,288			$	2.00
Forfeited		-			-		(1,926	)			2.00
Awarded		-			-		-				-
Released		-			-		(2,668	)			2.00
Unvested at end of period		111,694		$	2.00		111,694			$	2.00