NET LOSS PER SHARE

6 Months Ended

Jun. 30, 2013

NET LOSS PER SHARE [Abstract]

NET LOSS PER SHARE

6. NET LOSS PER SHARE

Basic loss per share and diluted loss per share for the six months ended June 30, 2013 and 2012 have been computed by dividing the net loss for each respective period by the weighted average number of shares outstanding during that period.

All outstanding warrants and options representing approximately 75,510,523 and 63,394,000 incremental shares at June 30, 2013 and 2012, respectively, as well as shares issuable upon conversion of Series A and Series B Preferred Stock representing approximately 210,634,000 and 190,824,000 incremental shares at June 30, 2013 and 2012, respectively, as well as potential shares issuable upon Note conversion into Common Stock representing approximately 8,784,000 and 14,530,000 incremental shares at June 30, 2013 and 2012, respectively, have been excluded from the computation of diluted loss per share as they are anti-dilutive.