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NOTE 9 - STOCKHOLDERS' EQUITY (DEFICIT) (Tables)

3 Months Ended

Mar. 31, 2013

Option Activity

								Weighted
								Average
						Weighted		Remaining		Aggregate
		Number of		Exercise Price		Average Exercise		Contractual Term		Intrinsic
		Shares		Range		Price		(Years)		Value

Outstanding, December 31, 2011		659,242		$ 0.47-$1.00		$ 0.62		10		-

Granted		542,857		$ 0.40-$0.50		$ 0.45		9		-
Exercised		-		-		-		-		-
Expired		-		-		-		-		-

Outstanding, December 31, 2012		1,202,099		$ 0.40-$1.00		$ 0.56		7.74		-

Exercisable, December 31, 2012		830,504		$ 0.40-$1.00		$ 0.57		8.19		-

Granted		55,000		$ 0.38		$ 0.38		5		-
Exercised		-		-		$ -		-		-
Expired		-		-		$ -		-		-

Outstanding, March 31, 2013		1,257,099		$ 0.38-$1.00		$ 0.55		7.62		-

Exercisable, March 31, 2013		1,001,361		$ 0.38-$1.00		$ 0.57		8.09		-

Range of Options Exercise Price

Number of		Exercise
shares		Price
55,000		$ 0.38
15,000		$ 0.40
20,000		$ 0.44
180,000		$ 0.45
247,242		$ 0.47
247,857		$ 0.49
254,000		$ 0.50
200,000		$ 0.85
38,000		$ 1.00
1,257,099

Outstanding Warrants

Date of Issue	March 31, 2013		Exercise Price		Expiration
March-13	88		$0.70		03/2017
February-13	35		$5.00		02/2019
January-13	20,201		$0.49 - $5.00		06/2017 - 01/2020
As of December 2012	2,516,402		$0.36 - $10.00		04/2013 - 10/2021
Total	2,536,726

Option Member

Black-Scholes Option-Pricing Model Assumptions

		March 31, 2013		December 31, 2012
Expected dividend yield		-		-
Expected stock price volatility		236.55%		183.17% - 187.30%
Risk-free interest rate		1.08%		1.27% - 2.80%
Expected term (in years)		5 years		4 - 10 years
Weighted-average granted date fair value		$0.38		$0.51

Warrant Member

Black-Scholes Option-Pricing Model Assumptions

		March 31, 2013		March 31, 2012
Risk-Free interest rate		0.84% - 1.09%		1.08%
Expected dividend yield		0%		0%
Volatility		236.81% - 248.63%		202.65%
Expected life		5 - 7 years		7 years

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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