STOCK-BASED COMPENSATION PLAN (Tables)

9 Months Ended

Sep. 30, 2013

Activity for Warrants to Certain Investor Relations IR Firms

The following table summarizes activity for the warrants to certain investor relations IR firms:

	Number of  Shares		Average  Exercise  Price per Share		Weighted  Average  Remaining  Contractual  Term in Years
Outstanding at January 1, 2013		50,000	$	1.50		1.75
Exercisable at January 1, 2013		50,000	$	1.50		1.75
Granted		-		-		-
Exercised		50,000		1.50		-
Forfeited		-		-		-
Outstanding at September 30, 2013		-	$	-		-
Exercisable at September 30, 2013		-	$	-		-

Employee Stock Option [Member]

Summary of Option Activity

The following table summarizes activity for employees in the Company’s Plan:

	Number of  Shares		Average  Exercise  Price per Share		Weighted  Average  Remaining  Contractual  Term in Years
Outstanding at January 1, 2013		3,733,333	$	1.36		1.09
Exercisable at January 1, 2013		3,733,333	$	1.36		1.09
Granted		-		-		-
Exercised		2,650,000		0.80		-
Forfeited		60,000		0.80		-
Outstanding at September 30, 2013		1,023,333	$	2.85		1.65
Exercisable at September 30, 2013		1,023,333	$	2.85		1.65

Independent Directors Compensation Plan [Member]

Summary of Option Activity

The following table summarizes option activity with respect to the independent directors:

	Number of  Shares		Average  Exercise  Price per Share		Weighted  Average  Remaining  Contractual  Term in Years
Outstanding at January 1, 2013		210,000	$	2.60		2.05
Exercisable at January 1, 2013		210,000	$	2.60		2.05
Granted		-		-		-
Exercised		-		-		-
Forfeited		-		-		-
Outstanding at September 30, 2013		210,000	$	2.60		1.30
Exercisable at September 30, 2013		210,000	$	2.60		1.30