Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Due to our substantial operating losses and the valuation allowance applied against our deferred tax assets, we have not recorded any income tax expense or benefit.

		December 31,		December 31,
		2012		2011
Current:
Federal	$	-	$	-
State		-		-
		-		-
Deferred:
Federal		-		-
State		-		-
		-		-
Provision for income tax, net	$	-	$	-

Schedule of Effective Income Tax Rate Reconciliation

Income taxes related to our loss from operations differ from the amount computed using the federal statutory income tax rate as follows:

	December 31,			December 31,
	2012			2011
Tax (benefit) provision computed at the federal statutory rate	$	(1,901,595	)	$	(3,837,164	)
State income tax (benefit), net of federal income tax effect		(271,656	)		(548,166	)
Nondeductible permanent differences		(468,568	)		1,468,778
Change in valuation allowance		2,641,819			2,916,552
Provision for income taxes	$	-		$	-

Schedule of Deferred Tax Assets and Liabilities

As of December 31, 2012 and 2011, our deferred tax assets (liabilities) are as follows:

	December 31,			December 31,
	2012			2011
Deferred Tax Assets:
Non-cash interest expense	$	1,403,000		$	1,198,911
Share-based compensation		3,622,057			3,352,610
Other		254,740			254,740
Net operating loss carry forward		6,950,951			4,782,668
Less: Valuation allowance		(11,928,354	)		(9,286,535	)
		302,394			302,394
Deferred Tax Liabilities:
Property and equipment		(302,394	)		(302,394	)
Net deferred asset (liability)	$	-		$	-