Stockholder's Equity (Tables)

6 Months Ended

Jun. 30, 2012

Warrant Activity

The following table sets forth our warrant activity during the period presented.

	Six Months Ended
	June 30, 2012
			Weighted-
	Number		Average
	of Shares		Exercise
	Issuable		Price
Outstanding – January 1, 2012		5,452,141	$	1.18
Granted during the period		3,928,040		0.98
Exercised during the period		-		-
Outstanding – June 30, 2012		9,380,181	$	1.10
Exercisable at end of period		9,164,181	$	1.10

Stock Option Activity

The following table summarizes our stock option activity for the period presented:

	Six Months Ended
	June 30,2012
			Weighted-
	Number		Average
	of Shares		Exercise
	Issuable		Price
Outstanding – January 1, 2012		5,886,261	$	1.11
Granted during the period		300,000		0.72
Exercised during the period		-		-
Cancelled during the period		-		-
Outstanding – June 30, 2012		6,186,261	$	1.10
Exercisable at June 30, 2012		3,734,703	$	1.05

Options Outstanding

The following table summarizes options outstanding at June 30, 2012:

	Number of Shares Issuable		Weighted- Average Exercise Price		Weighted- Average Remaining Term (Years)		Aggregate Intrinsic Value
Total shares issuable upon exercise		6,186,261	$	1.10		3.4	$	363,419
Options exercisable		3,734,703		1.05		3.1		106,229
Options not vested		2,451,558		1.19		3.8		257,190