STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2012

Stockholders Equity Tables

Company Warrants Outstanding and Issued

During the year ended December 31, 2012, we issued the following:

	Number of Shares Under Company Warrants		Exercise Price		Exercise Term in Years		Fair Value
Debt modification		5,685,300		$0.38		5	$	10,505,247
Issued with debt		10,314,700		$0.38-$3.00		5		15,549,855
Services		1,332,500		$2.40-$2.80		5		1,563,620
		17,332,500					$	27,618,722

During the year ended December 31, 2011, we issued the following:

	Number of Shares Under Company Warrants		Exercise Price		Exercise Term in Years		Fair Value
Loan guarantee		613,713	$	0.24		10	$	93,969
Loan consideration		613,718	$	0.41		5		30,993
Product consulting		1,045,485		$0.38-$0.41		5-10		189,942
Services		784,711		$0.38-$1.50		5-10		159,363
		3,057,627					$	474,267

Schedule of Assumptions FV Warrants

The weighted average fair value per share of Company Warrants granted and the assumptions used in the Black-Scholes Model during the years ended December 31, 2012 and 2011 are set forth in the table below.

	2012			2011
Weighted average fair value	$	2.05		$	0.16
Risk-free interest rate		0.72-1.04%			0.91-3.48%
Volatility		44.64-44.81%			39.13-51.83%
Term (in years)		5			5-10
Dividend yield		0.00	%		0.00	%

Schedule of Stock Warrant Activity

A summary of our Common Stock purchase warrant activity and related information for the years ended December 31, 2012 and 2011 follows:

	Number of Shares Under Company Warrants			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life in Years		Aggregate Intrinsic Value
Balance at December 31, 2010		-0-
Granted		3,057,627		$	0.36		7.9	$	3,483,691
Exercised		-0-
Expired		-0-
Cancelled		-0-
Balance at December 31, 2011		3,057,627		$	0.36		7.9	$	3,483,691
Granted		17,332,500		$	1.26		4.3	$	31,891,150
Exercised		(8,145,486	)	$	0.38
Expired		-0-
Cancelled		(51,142	)	$	0.24
Balance at December 31, 2012		12,193,499		$	1.63		4.8	$	17,971,994
Vested and Exercisable at
December 31, 2012		11,784,408		$	1.69		4.7	$	16,859,266

Stock Options

A summary of activity under the 2009 and 2012 Plans and related information follows:

	Number of Shares Under Company Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life in Years		Aggregate Intrinsic Value
Balance at December 31, 2010		-0-
Granted(1)		10,682,218		$	0.16		7.6	$	14,188,484
Exercised		(92,057	)	$	0.19
Expired		-0-
Cancelled		-0-
Balance at December 31, 2011		10,590,161		$	0.16		7.6	$	14,067,649
Granted		5,121,250		$	2.80		9.7	$	1,737,530
Exercised		(1,931,788	)	$	0.13
Expired		-0-
Cancelled		(46,135	)
Balance at December 31, 2012		13,733,488		$	1.16		7.7	$	26,804,117
Vested and Exercisable at December 31, 2012		8,370,408		$	0.38		6.7	$	22,811,422

Schedule of Assumptions FV Options

The assumptions used in the Black-Scholes Model during the years ended December 31, 2012 and 2011 and are set forth in the table below.

	2012			2011
Risk-free interest rate		0.61-2.23%			0.91-2.54%
Volatility		40.77-46.01%			37.92-40.48%
Expected life (in years)		5-6.25			5.5-6.25
Dividend yield		0.00	%		0.00	%