EQUITY (Tables)

9 Months Ended

Sep. 30, 2012

Equity Tables

Summary of common stock activity

The following table summarizes common stock activity for the nine months ended September 30, 2012:

	Common Stock
Shares outstanding at December 31, 2011		67,988,916
Shares issued pursuant to warrants and options exercised for cash		7,028,871
Shares issued pursuant to cashless warrants exercised		1,361,547
Shares outstanding at September 30, 2012		76,379,334

Summary of warrant activity

The following table summarizes warrant activity for the following periods:

	Warrants			Weighted- Average Exercise Price
Balance at December 31, 2011		28,453,760		$	0.52
Granted		300,000		$	0.91
Expired / Canceled		(12,000	)	$	0.50
Exercised		(9,464,672	)	$	0.50
Balance at September 30, 2012		19,277,088		$	0.56

Summary of stock option plans activity

A summary of the activity under the Company’s stock option plans is as follows:

	Options			Weighted-Average Exercise Price
Balance at December 31, 2011		1,707,713		$	0.76
Granted		1,437,500		$	0.89
Expired/Cancelled		(68,892	)	$	0.83
Exercised		(24,924	)	$	0.29
Balance at September 30,2012		3,051,397		$	0.82