Stockholders' Equity (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2013

Dec. 31, 2012

Stockholders Equity Tables

Preferred stock

Preferred Stock	Number of Shares Issued		Par Value		Conversion to Common Stock
Series “A" (1)		0	$	.0001		N/A
Series “B" (2)		1	$	.0001	1:1
Series “C" (3)		1	$	.0001	1:1
Series “D” (4)		1,379,685	$	.0001	10:1
Series “E” (5)		0	$	.0001	1:1

A summary of option activity

Options	Shares			Weighted- Average Exercise Price			Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at December 31, 2012		7,163		$	22.34			4.4
Granted		2,005,500		$	7.08			9.5
Exercised		-		$	-
Expired or forfeited		(500	)	$	(25.00	)
Outstanding at September 30, 2013		2,012,163		$	7.13			9.5	$	1,724,730
Options exercisable at September 30, 2013		36,663		$	7.43			9.5	$	25,800

Activity for the two years ended December 31, 2012, for all option grants is shown below:

	2012								2011
	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value		Shares		Weighted Average Exercise Price
Outstanding at beginning of year		2,426	$	53.60						316	$	322.00
Granted		5,487	$	10.93						2,250	$	40.00
Exercised		-	$	-						-	$	-
Expired or forfeited		(750)	$	40.00						(140)	$	440.00
Outstanding at end of year		7,163	$	22.34		4.4	$	-		2,426	$	53.60
Exercisable at end of year		6,788	$	21.36		4.5	$	-		1,176
Weighted-average fair value of
options granted during the year	$	8.44							$	34.20
Price range of options
Outstanding	$	9.80-$228.00							$	40.00-$228.00
Exercised	$	-							$	-
Expired or forfeited	$	40.00							$	440.00

A summary of the restricted stock award activity

	Number of Units		Weighted Average Grant  Date Fair Value
Nonvested at January 1, 2013		122,500	$6.83
Granted		-
Vested		(120,250)	($6.80)
Forfeited		(2,000)	($6.83)
Nonvested at September 30, 2013		250	$6.83

Stock based compensation expense

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
Stock Options with:
Service conditions only	$	4,716,070	$	-	$	4,718,214	$	40,000
Combined market and service conditions		306,250		-		306,250		-
Combined market and performance conditions		1,555,535		-		1,555,535		-
Restrcited stock		816,000		-		822,486		-
	$	7,393,855	$	-	$	7,402,485	$	40,000

Fair value of stock-based compensation

The Company used the following assumptions in the Black-Scholes calculation used to measure the fair value of stock-based compensation in accordance with ASC 718 for stock options granted in 2012 and 2011.

	11-16-2012		8-14-2012		5-15-2012		11-15-2011
Risk-free interest rate	0.62	%	0.75	%	0.74	%	0.93	%
Dividend yield	0	%	0	%	0	%	0	%
Expected life (years)	5		5		5		5
Volatility	91.3	%	111.8	%	122.7	%	130.0	%

Stock options outstanding

The following table summarizes information with respect to stock options outstanding at December 31, 2012:

		Options Outstanding						Options Exercisable
Range of Exercise  Price		Number of  Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Number of Options		Weighted Average Exercise Price
$	9.80-$15.20		5,488	$	10.93		4.7		5,488	$	10.93
$	40.00		1,500	$	40.00		3.9		1,125	$	40.00
$	228.00		175	$	228.00		2.4		175	$	228.00
			7,163						6,788