Step 1: Identify the smallest triangles.
There are 8 small triangles formed by the intersecting lines within the central quadrilateral.
Step 2: Identify triangles formed by combining two small triangles.
There are 4 triangles formed by combining two adjacent small triangles, using the diagonals of the four smaller squares formed.
Step 3: Total count.
Total number of triangles = Number of smallest triangles + Number of triangles formed by combining two smallest triangles
Total = \( 8 + 4 = 12 \)