COMMON STOCK AND COMMON STOCK PURCHASE WARRANTS

6 Months Ended

Jun. 30, 2013

Common Stock and Common Stock Purchase Warrants [Abstract]

COMMON STOCK AND COMMON STOCK PURCHASE WARRANTS

NOTE 13 COMMON STOCK AND COMMON STOCK PURCHASE WARRANTS

During the six months ended June 30, 2013, 28,348 warrants were exercised on a cashless basis to purchase 10,500 shares of common stock, which would have been exercisable in cash for $3.50 per share.

Warrants issued and outstanding at June 30, 2013, and changes during the six months then ended, are as follows:

	Warrants Outstanding						Warrants Exercisable
	Number of underlying shares		Weighted Average Exercise Price		Average Remaining Contractual Life (years)		Number of underlying shares		Weighted Average Exercise Price		Average Remaining Contractual Life (years)
Balance, January 1, 2013		283,956	$	3.63		0.91		283,956	$	3.63		0.91
Granted / Vested		-
Forfeited		-
Exercised		(28,348)		3.50
Balance, June 30, 2013		255,608		3.64		0.43		255,608		3.64		0.43