COMMON STOCK OPTIONS (Tables)

12 Months Ended

Dec. 31, 2012

Common Stock Options Tables

Common stock option activity

The following is a summary of all common stock option activity for the year ended December 31, 2012:

	Shares Under Options Outstanding		Weighted Average Exercise Price
Outstanding at December 31, 2011		4,167,584	$	0.62
Options granted		976,464	$	0.84
Options forfeited		(1,108,620)	$	0.39
Options exercised		-	$	-
Outstanding at December 31, 2012		4,035,428	$	0.66

Common stock options outstanding and exercisable

	Options Exercisable		Weighted Average Exercise Price per Share
Exercisable at December 31, 2011		2,876,714	$	0.58
Exercisable at December 31, 2012		2,294,053	$	0.66