Compensation Related Costs, Share Based Payments

3 Months Ended

Jun. 30, 2012

Compensation Related Costs, Share Based Payments:

Schedule of Share-based Compensation, Stock Options, Activity

Activity under the Company’s stock option plans for the six months ended June 30, 2012 is as follows:

	OPTIONS OUTSTANDING
		Shares		Weighted Average Exercise Price Per Share
Balance, December 31, 2011		698,000		$	4.22
Granted		40,000			4.79
Exercised		(5,000	)		2.25
Canceled		(33,000	)		5.14
Expired		(20,000	)		4.45
Balance, June 30, 2012		680,000		$	4.22

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

The following table summarizes outstanding options under the Company’s stock option plans as of June 30, 2012.

	Number of Shares	Weighted Average Exercise Price Per Share	Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Outstanding Options	680,000	$4.22	6.39	$132,000
Ending Vested and Exercisable	410,000	$4.86	4.88	$29,000
Options Expected to Vest	584,000	$4.31	6.53	$108,000