Quarterly report pursuant to sections 13 or 15(d)

Stock Plans and Non-Qualified Option Agreement (Tables)

Stock Plans and Non-Qualified Option Agreement (Tables)

6 Months Ended

Jun. 30, 2013

Stock Plans and Non-Qualified Option Agreement [Abstract]

The summary of the Company’s total Stock Plans and a Non-Qualified Stock Option Agreement (which has been forfeited) as of June 30, 2013 as compared to June 30, 2012, and changes during the periods then ended, are presented below. The current year Company’s Plans consist of the 2004 and 2010 Stock Option Plans, and the 2003 Outside Directors Stock Plans:

	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Options outstanding Janury 1, 2013		2,644,000		$	1.96
Granted		─			─
Exercised		─			─			$	─
Forfeited		(690,000	)		1.87
Options outstanding End of Period (1)		1,954,000			2.00		3.0	$	─
Options Exercisable at June 30, 2013(1)		1,754,000		$	2.05		2.9	$	─
Options Vested and expected to be vested at June 30, 2013		1,954,000		$	2.00		3.0	$	─

	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Options outstanding Janury 1, 2012		3,039,833		$	1.98
Granted		─			─
Exercised		─			─			$	─
Forfeited		(425,333	)		1.90
Options outstanding End of Period (2)		2,614,500			1.99		3.8	$	─
Options Exercisable at June 30, 2012(2)		2,064,500		$	2.13		3.0	$	─
Options Vested and expected to be vested at June 30, 2012		2,614,500		$	1.99		3.8	$	─

(1)	Options with exercise prices ranging from $1.10 to $2.95

(2)	Options with exercise prices ranging from $1.41 to $2.95