STOCK OPTIONS (Tables)

6 Months Ended

Jun. 30, 2013

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Fair value of options granted to employees

The assumptions used principally in determining the fair value of options granted were as follows:

	June 30, 2013
Risk-free interest rate		1.58	%
Expected dividend yield		0	%
Expected term		7.31
Expected volatility		95.19	%

Options granted to officers of company outside

A summary of option activity as of June 30, 2013 and changes for the period then ended are presented below:

Options	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term in Years		Aggregate Intrinsic Value
Outstanding at December 31, 2012		8,648,268		$	1.29
Granted		1,395,000		$	2.71
Forfeited		(158,871	)	$	1.52
Exercised		(493,497	)	$	0.74
Outstanding at June 30, 2013		9,390,900		$	1.53		7.65	$	24,486,331
Vested at June 30, 2013		4,185,972		$	0.90		6.13	$	13,531,387