Net Income (loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2013

Net Income (loss) Per Share [Abstract]

Computation of Basic and Diluted Net Loss per Share

The following table sets forth the computation of basic and diluted net loss per share:

	2013			2012
Net income (loss)	$	(1,620,408	)	$	(1,093,652	)
Denominator for basic earnings per share - weighted average shares		93,128,466			74,872,122
Effect of dilutive securities: Stock options and warrants outstanding and convertible debt (a)		—			—
Denominator for diluted earnings per share - weighted average shares adjusted for dilutive securities		93,128,466			74,872,122
Income (loss) per common share - basic and diluted	$	(0.02	)	$	(0.01	)

(a) Securities outstanding that were excluded from the computiation, prior to the use of the treasury stock method, because they would have been anti-dilutive are as follows:

Summary of Antidilutive Securities

(a) Securities outstanding that were excluded from the computiation, prior to the use of the treasury stock method, because they would have been anti-dilutive are as follows:

	Three months ended March 31,
	2013	2012
Outstanding Stock Options	16,022,703	12,517,000
Outstanding Warrants	2,344,002	7,891,567
Convertible Debt, promissory notes	—	5,131,018
Convertible Line of Credit with Related Party	—	1,358,931
Convertible Debt, Acquisition	—	1,059,836
	18,366,705	27,958,352