STOCK COMPENSATION EXPENSE (Tables)

6 Months Ended

Jun. 30, 2012

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

The range of the exercise prices of the outstanding stock options at June 30, 2012 are shown in the following table:

	Price Range	Number of Shares
$	0 - $9.99	240,000 shares
$	10.00 - $19.99	0 shares
$	20.00 - $29.99	0 shares

Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period and Fair Value Assumption [Table Text Block]

The Company used the Black-Scholes Model to value the options granted. The following table shows the weighted average fair value of the grants as of June 30, 2012, and the assumptions that were employed in the model:

	June 30, 2012
Weighted-average fair value of grants:	$	0.27
Risk-free interest rate:		3.47	%
Expected volatility:		2.21	%
Expected life in months:		111.00

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References+ Details

WUHAN GENERAL GROUP (CHINA), INC 10-Q/A