STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2012

Stockholders Equity Tables

Schedule of Stock Warrant Activity

A summary of the Company’s Common Stock purchase warrant activity and related information for 2012 follows:

	Number of Shares Under Company Warrant			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life in Years		Aggregate Intrinsic Value
Balance at December 31, 2011		3,057,627		$	0.36		7.9	$	3,483,691
Granted		17,332,500		$	1.26		4.5	$	37,957,525
Exercised		(8,145,486	)	$	0.38
Expired		-0-
Cancelled		-0-
Balance at September 30, 2012		12,244,641		$	1.62		5.1	$	22,403,657
Vested and Exercisable at September 30, 2012		11,717,927		$	1.68		4.9	$

Schedule of Assumptions FV Options

The assumptions used in the Black-Scholes Model during the nine months ended September 30, 2012 are set forth in the table below.

Risk-free interest rate	0.65-2.23	%
Volatility	40.77-44.83	%
Expected life (in years)	5.00-6.75
Dividend yield	0.00	%

Schedule of Share-based Compensation Activity

A summary of activity under the LTIP and related information follows:

	Number of Shares Under Company Option			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life in Years		Aggregate Intrinsic Value
Balance at December 31, 2011		10,590,161		$	0.16		7.6	$	14,067,649
Granted		2,296,750		$	2.56		9.6	$	2,039,838
Exercised		(1,931,788	)	$	0.13
Expired		-0-
Cancelled		(26,428	)	$	0.24
Balance at September 30, 2012		10,928,695		$	0.68		7.3	$	30,261,370
Vested and Exercisable at September 30, 2012		7,528,886		$	0.22		6.7	$	24,349,605