Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2013

Summary of Weighted Average Assumptions To Value Stock Options Granted

Management used the following weighted average assumptions to value stock options granted during the three and six month periods ended June 30, 2013 and 2012:

	Three months ended June 30,		Six months ended June 30,
	2013	2012	2013	2012
Expected term of options	None	None	None	5 years
Exercise price
Expected volatility	None	None	None	114%
Expected dividends	None	None	None	None
Risk-free interest rate	None	None	None	0.85%
Forteitures	None	None	None	None

Schedule Of Share Based Compensation Stock Options Oustanding

Options outstanding as of June 30, 2013 are as follows:

		Outstanding Options
	Options		Weighted Average		Weighted Average	Aggregate
	Available for	Plan Options	Exercise Price		Remaining Contractual	Intrinsic
	Grant	Outstanding	Per Share		Term (years)	Value (1)
Outstanding at January 1, 2013	6,453,333	19,491,667	$	0.18	8.20	$	-
Granted	-	-	$	-	-	$	-
Cancelled	-	-	$	-	-	$	-
Exercised	-	-	$	-	-	$	-
Outstanding at June 30, 2013	6,453,333	19,491,667	$	0.18	7.32	$	-
Exercisable at June 30, 2013		10,913,542	$	0.22	6.39	$	-
Weighted average fair value of options
granted during the period		-	$	-	-	$	-

(1) These amounts represent the excess, if any, between the exercise price and $0.05, the closing market price of the Company’s common stock on June 30, 2013 as quoted on the Over-the-Counter Bulletin Board under the symbol “SCIE”.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

For the periods ended June 30, 2013 and 2012, the following common equivalent shares were evaluated to determine if their inclusion in the calculation of loss per share was  dilutive.

	June 30,	June 30,
	2013	2012
Preferred Stock	3,085,000	3,585,000
Convertible debentures	27,231,569	41,021,402
Options	19,491,667	16,295,000
Warrants	71,185,727	53,396,441
Total	117,908,963	110,712,843

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted loss per share and incorporates income and expense related to convertible debentures and warrants and a change in shares that could be outstanding on the conversion of the convertible debentures for the three and six month periods ended June 30, 2013 and 2012: 

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2013		2012		2013		2012
Numerator:
Net income (loss) for basic earnings per share	$	(663,930)	$	(5,527,908)	$	(3,287,026)	$	(8,679,909)
Additions:
Interest expense related to convertible debentures		19,941		-		2,425
Amortization of deferred debt costs and original
issue discount		9,391		-		-
Discounts on warrants and derivative debt		67,738		-
Subtractions:
Gain (loss) on debt extinguishment		(13,807)		-		30,796
Change in fair value of derivative securites		(461,596)		-		(109,005)
Net loss for diluted earnings per share	$	(1,042,263)	$	(5,527,908)	$	(3,362,810)	$	(8,679,909)
Denominator:
Weighted average basic shares outstanding		158,843,541		108,041,084		157,152,228		108,041,084
Additions:
Assumed conversion of convertible debentures
at beginning of period		9,838,907		-		2,204,467		-
Assumed conversion of exchanged convertible
debentures during the period		230,414		-		-		-
Subtractions:
Convertible debentures converted during the period		(936,214)		-		(1,822,035)		-
Potentially dilutive common shares		9,133,107		-		382,432		-
Denoninator for diluted earnings per share-
Adjusted weighted average shares		167,976,648		108,041,084		157,534,660		108,041,084
Income (loss) per share
Basic	$	(0.00)	$	(0.05)	$	(0.02)	$	(0.08)
Diluted	$	(0.01)	$	(0.05)	$	(0.02)	$	(0.08)

Inventory

Inventories consisted of the following at June 30, 2013 and December 31, 2012:

	June 30,		December 31,
	2013		2012
Raw materials	$	124,905	$	124,905
Finished goods		66,652		124,766
		191,557		249,671
Reserve for obsolescence		(47,594)		(47,594)
	$	143,963	$	202,077