Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2012

A summary of the status of our stock options as of September 30, 2012, and changes during the nine-month period then ended, is presented below:

	Nine Months Ended September 30, 2012
	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
Outstanding at beginning of period		3,315,000		$	1.02
Granted		1,127,527			3.22
Exercised		(1,232,001	)		0.62
Forfeited		(10,499	)		2.00
Expired		(9,000	)		1.73
Outstanding at end of period		3,191,027		$	1.95		6.9 years	$	3,351,226

Exercisable at end of period		1,600,772		$	1.01		4.8 years	$	2,877,662

Schedule of Nonvested Restricted Stock Activity

A summary of the status of our unvested restricted stock as of September 30, 2012, and changes during the nine-month period then ended, is presented below:

	Nine Months Ended September 30, 2012
	Number of Shares			Weighted Average Grant-Date Fair Value
Unvested at beginning of period		1,556,000		$	2.48
Granted		385,000			3.16
Vested		(30,000	)		2.86
Forfeited		-			-
Expired		-			-
Unvested at end of period		1,911,000		$	2.61