Annual report pursuant to Section 13 and 15(d)

STOCK OPTION PLANS (Tables)

v2.4.0.6
STOCK OPTION PLANS (Tables)
12 Months Ended
Dec. 31, 2012
Equity Incentive Plan 2005 [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summarized information of stock options
Summarized information for the 2005 Equity Incentive Plan is as follows:

         
Weighted-
 
         
average
 
         
exercise
 
   
Options
   
price
 
Outstanding options at January 1, 2011
    1,748,733.00     $ 2.13  
Granted, fair value of $ 1.87 per share
    580,000.00       2.22  
Exercised/forfeited
    (61,949.00 )     1.38  
Outstanding options at December 31, 2011
    2,266,784.00       2.17  
                 
Granted, fair value of $ 0.29 per share
    1,235,000.00       0.39  
Expired/forfeited
    (838,000.00 )     2.14  
Outstanding options at December 31, 2012
    2,663,784.00       1.36  
                 
Exercisable at December 31, 2012
    1,797,742.00       1.72  
Information regarding options outstanding by range of exercise prices
Further information regarding options outstanding under the 2005 Equity Incentive Plan at December 31, 2012 is summarized below:

     
Number of
   
Weighted average
   
Number of
   
Weighted-average
 
     
options
   
Remaining
   
Exercise
   
options
   
Remaining
   
Exercise
 
Range of exercise prices
   
outstanding
   
life in years
   
price
   
exercisable
   
life in years
   
price
 
                                       
$ 0.23       725,000       10.0     $ 0.23       106,250       10.0     $ 0.23  
$ 0.61 - 0.85       640,000       7.3     $ 0.63       510,000       6.7     $ 0.63  
$ 1.38       220,000       7.0     $ 1.38       220,000       7.0     $ 1.38  
$ 2.27 – 3.15       1,078,784       7.9     $ 2.54       961,492       7.9     $ 2.55  
          2,663,784                       1,797,742                  
Stock Awards Plan 1995 [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summarized information of stock options
Summarized information for the 1995 Stock Awards Plan is as follows:
 
         
Weighted-
 
         
average
 
         
exercise
 
   
Options
   
price
 
Outstanding options at January 1, 2011
    59,500.00       16.80  
Expired
    (2,000.00 )     23.05  
Outstanding options at December 31, 2011
    57,500.00       16.58  
                 
Expired
    (18,000.00 )     18.14  
Outstanding options at December 31, 2012
    39,500.00       15.87  
Exercisable at December 31, 2012
    39,500.00       15.87  
 
Information regarding options outstanding by range of exercise prices
Further information regarding options outstanding under the 1995 Stock Awards Plan at December 31, 2012 is summarized below:

     
Number of
   
Weighted average
   
Number of
   
Weighted-average
 
     
Options
   
Remaining
   
Exercise
   
options
   
Remaining
   
Exercise
 
Range of exercise prices
   
outstanding
   
life in years
   
price
   
exercisable
   
life in years
   
price
 
                                       
$ 10.10 - 12.40       29,000       2.1     $ 11.09       29,000       2.1     $ 11.09  
$ 28.50 – 29.25       10,500       2.0     $ 29.07       10,500       2.0     $ 29.07  
          39,500                       39,500