Quarterly report pursuant to Section 13 or 15(d)

Stock Options

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Stock Options
9 Months Ended
Sep. 30, 2012
Stock Options [Abstract]  
Stock Options
8. Stock Options

The Company granted 240,076 shares of stock options for the nine months ended September 30, 2012. Stock-based compensation expense was $171,017 and $37,498 for the three months and $478,701 and $97,499 for the nine months ended September 30, 2012 and 2011, respectively. Total future stock compensation expense related to nonvested awards is expected to be approximately $1,880,000 at September 30, 2012.

Subsequent to quarter end, the Company granted stock options for an additional 15,000 shares to employees.