STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2012

Option Indexed to Issuer's Equity [Line Items]

Summary of Warrants and Options Issued

The following information is presented post reverse split for the stock option activity for the year ended December 31, 2012:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contract Life		Aggregate Intrinsic Value
Outstanding at December 31, 2010		293,372		$	7.45		8.37 Years	$	66,544
Exercised		(1,000	)	$	5.70
Expired		(33,073	)	$	2.81
Forfeited		-		$	-
Granted		-		$	-
Outstanding at December 31, 2011		259,299		$	7.75		7.69 Years	$	-
Exercised		-		$	-
Expired		(3,000	)	$	5.33
Forfeited		-		$	-
Granted		425,842		$	5.68		6.00 Years
Outstanding at December 31, 2012		682,141		$	6.47		8.52 Years	$	88,000
Outstanding exercisable at December 31, 2012		262,952		$	7.31		6.98 Years	$	9,252

Information about Non-Employee Stock Warrants Outstanding and Exercisable

The following table summarizes information about non-employee stock warrants outstanding and exercisable that were issued for services at December 31, 2012 and 2011:

Warrants Outstanding								Warrants Exercisable
Range of Exercise Price		Number Outstanding at December 31, 2012		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Number Exercisable at December 31, 2012		Weighted Average Exercise Price
$	-		-		0.00 Years	$	-		-	$	-
			-		0.00 Years	$	-		-	$	-

Warrants Outstanding								Warrants Exercisable
Range of Exercise Price		Number Outstanding at December 31, 2011		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Number Exercisable at December 31, 2011		Weighted Average Exercise Price
$	0.30		10,071		0.62 Years	$	0.30		10,071	$	0.30
			10,071		0.62 Years	$	0.30		10,071	$	0.30

Weighted Average Fair Value of Warrants and Options Granted

The weighted average fair value of warrants and options granted during the periods are as follows:

	2012		2011
Exercise price lower than the market price	$	-	$	-
Exercise price equaled the market price	$	4.56 - $4.58	$	-
Exercise price exceeded the market price	$	6.00	$	-

Information about Employee Stock Warrants and Options Outstanding

The following tables summarize information about employee stock warrants and options outstanding at December 31, 2012 and 2011:

Warrants and Options Outstanding December 31, 2012								Warrants and Options Exercisable December 31, 2012
Range of Exercise Price		Number Outstanding at December 31, 2012		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Number Exercisable at December 31, 2012		Weighted Average Exercise Price
$	4.56		84,675		1.15 Years	$	4.56		-	$	4.56
$	4.58		10,167		0.14 Years	$	4.58		10,167	$	4.58
$	5.70		39,750		0.37 Years	$	5.70		39,750	$	5.70
$	6.00		330,000		4.70 Years	$	6.00		27,500	$	6.00
$	7.50		124,573		1.10 Years	$	7.50		124,573	$	7.50
$	9.00		92,976		1.06 Years	$	9.00		60,962	$	9.00
			682,141		8.52 Years	$	6.47		262,952	$	7.31

Warrants and Options Outstanding December 31, 2011								Warrants and Options Exercisable December 31, 2011
Range of Exercise Price		Number Outstanding at December 31, 2011		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Number Exercisable at December 31, 2011		Weighted Average Exercise Price
$	5.70		41,750		1.17 Years	$	5.70		41,750	$	5.70
$	7.50		124,573		3.37 Years	$	7.50		117,372	$	7.50
$	9.00		92,976		3.15 Years	$	9.00		42,668	$	9.00
			259,299		7.69 Years	$	7.75		201,790	$	7.44

Warrant [Member]

Option Indexed to Issuer's Equity [Line Items]

Summary of Warrants and Options Issued

A summary of the warrants issued to non-employees for services as of December 31, 2012 and 2011 and changes during the years is presented below:

	2012					2011
	Number of Warrants			Weighted Average Exercise Price		Number of Warrants			Weighted Average Exercise Price
Balance at beginning of period		10,071		$	0.30		416,634		$	3.58
Granted		-		$	-		-		$	-
Exercised		(10,071	)	$	0.30		(166,667	)	$	0.30
Forfeited (expired)		-		$	-		(239,896	)	$	6.00
Balance at end of period		-		$	-		10,071		$	0.30
Warrants exercisable at end of period		-		$	-		10,071		$	0.30
Weighted average fair value of warrants granted during the period				$	-				$	-