Stock-Based Compensation

6 Months Ended

Jun. 30, 2012

Stock-Based Compensation [Abstract]

Stock-Based Compensation

8.   Stock-Based Compensation

The Company recognizes compensation expense for all equity-based compensation awards issued to employees, directors and non-employees that are expected to vest.  Compensation cost is based on the fair value of awards as of the grant date.  The Company recognized $227,000 and $183,000 of stock-based compensation expense for the three months ended June 30, 2012 and 2011, respectively, under the fair value method and recognized $447,000 and $386,000 of stock-based compensation expense for the six months ended June 30, 2012 and 2011, respectively.  The Company granted 60,000 and 152,870 stock options for the three and six months ended June 30, 2012, respectively.  The fair values of these options at the grant date were $81,000 and $145,000, respectively.  The Company granted 0 and 42,000 stock options for the three and six months ended June 30, 2011, respectively.  The fair value of the options granted during the six months ended June 30, 2011 was $60,000.