Stockholder's Equity (Tables)

9 Months Ended

Sep. 30, 2012

Warrant Activity

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

	Nine Months Ended
	September 30, 2012
				Weighted-
	Number			Average
	of Shares			Exercise
	Issuable			Price
Outstanding – January 1, 2012		5,452,141		$	1.18
Granted during the period		20,599,342			0.67
Expired during the period		(147,500	)		2.25
Exercised during the period		-			-
Outstanding – September 30, 2012		25,903,983		$	0.77
Exercisable at end of period		25,759,983		$	0.77

Stock Option Activity

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

	Nine Months Ended
	September 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		(426,136	)		1.11
Outstanding – September 30, 2012		5,760,125		$	1.11
Exercisable at September 30, 2012		3,503,567		$	1.04

Options Outstanding

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

	Number of Shares Issuable		Weighted- Average Exercise Price		Weighted- Average Remaining Term (Years)		Aggregate Intrinsic Value
Total shares issuable upon exercise		5,760,125	$	1.11		3.4	$	290,332
Options exercisable		3,503,567		1.04		3.3		84,583
Options not vested		2,256,558		1.21		3.6		205,749