Stockholders' Deficiency (Tables)

6 Months Ended

Jun. 30, 2013

Stockholders Deficiency Tables

Schedule of Stock Options Granted

In applying the Black-Scholes option pricing model to stock options granted, the Company used the following weighted average assumptions:

	For The Three Months Ended		For The Six Months Ended
	June 30,		June 30,
	2013	2012	2013	2012
Risk free interest rate	1.50%	n/a	1.13% to 1.50%	1.04%
Dividend yield	0.00%	n/a	0.00%	0.00%
Expected volatility	175.0%	n/a	166.0% to 175.0%	172.2%
Expectd life in years	6.00	n/a	6.00	6.00

Summary of Stock Option Activity

A summary of the stock option activity during the six months ended June 30, 2013 is presented below:

	Number			Weighted Average		Weighted Average Remaining
	of			Exercise		Life		Intrinsic
	Options			Price		In Years		Value
Outstanding, January 1, 2013		2,183,899		$	3.42
Granted		430,500			1.57
Exercised		-			-
Forfeited		(378,749	)		4.40
Outstanding, June 30, 2013		2,235,650		$	2.89		5.7	$	143,937
Exercisable, June 30, 2013		1,183,483		$	2.67		4.5	$	141,733

Summary of Stock Option Outstanding and Exercisable

The following table presents information related to stock options at June 30, 2013:

	Options Outstanding		Options Exercisable
	Weighted		Weighted	Weighted
Range of	Average	Outstanding	Average	Average	Exercisable
Exercise	Exercise	Number of	Exercise	Remaining Life	Number of
Price	Price	Options	Price	In Years	Options
$0.80 - $2.20	$         1.57	906,400	$         1.58	2.2	485,900
$2.21 - $3.80	3.21	868,250	2.96	5.3	500,917
$3.81 - $6.99	4.88	461,000	4.65	7.9	196,666
	$         2.89	2,235,650	$         2.67	4.5	1,183,483

Schedule of Stock Warrants Granted

In applying the Black-Scholes option pricing model to stock warrants granted, the Company used the following weighted average assumptions:

	For The Three Months Ended		For The Six Months Ended
	June 30,		June 30,
	2013	2012	2013	2012
Risk free interest rate	0.74%	n/a	0.87%	n/a
Dividend yield	0.00%	n/a	0.00%	n/a
Expected volatility	166.0%	n/a	164.3%	n/a
Expectd life in years	5.00	n/a	5.00	n/a

Summary of Stock Warrant Activity

A summary of the stock warrant activity during the three months ended June 30, 2013 is presented below:

				Weighted Average		Weighted Average Remaining
	Number of			Exercise		Life		Intrinsic
	Warrants			Price		In Years		Value
Outstanding, January 1, 2013		592,846		$	3.01
Granted		13,955,023			0.28
Exercised		(11,749,098	)		0.28
Forfeited		-			-
Outstanding, June 30, 2013		2,798,771		$	0.83		4.3	$	2,695,729
Exercisable, June 30, 2013		2,518,771		$	0.58		4.4	$	2,695,729

Summary of Stock Warrants Outstanding and Exercisable

The following table presents information related to stock warrants at June 30, 2013:

		Warrants Outstanding				Warrants Exercisable
		Weighted				Weighted		Weighted Average
Range of		Average		Outstanding		Average		Remaining		Exercisable
Exercise		Exercise		Number of		Exercise		Life		Number of
Price		Price		Warrants		Price		In Years		Warrants
$	0.25 - $0.35	$	0.25		2,205,925	$	0.25		4.6		2,205,925
$	0.36 - $3.00		2.91		562,846		2.91		3.2		312,846
$	3.01 - $4.95		4.95		30,000		-		-		-
		$	0.83		2,798,771	$	0.58		4.4		2,518,771