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STOCK OPTIONS AND WARRANTS (Tables)
6 Months Ended
Jun. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Award Activity


                                 

 

 

 Options

 

Weighted Average Remaining Life

 

Weighted Average Exercise Price

 

Aggregate Intrinsic Value

 

 Warrants

 

 Weighted Average Remaining Life

 

 Weighted Average Exercise Price

 

Aggregate Intrinsic Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2012

  393,000

 

       4.20

 

 $     0.12

 

 $           -   

 

7,193,269

 

       2.91

 

 $        0.15

 

 $   57,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

1,350,000

 

 

 

     0.15

 

 

 

200,000

 

 

 

   0.28

 

 

 

Exercised

-

 

 

 

-

 

 

 

(700,000)

 

 

 

       0.07

 

 

 

Forfeited

-

 

 

 

-

 

 

 

(100,000)

 

 

 

      0.25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2013

1,743,000

 

    4.49

 

 $     0.14

 

 $240,240

 

6,593,269

 

     2.50

 

 $         0.16

 

 $ 776,298

Stock Options [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Valuation Assumptions

Expected term

5 years

Expected volatility

227.64% - 245.43%

Risk free interest rate

0.70%  - 0.76%

Expected dividend yield

0.00%

Warrant [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Valuation Assumptions

Expected term

5 years

Expected volatility

215.84%

Risk free interest rate

1.42%

Expected dividend yield

0.00%