EQUITY (Tables)

3 Months Ended

Mar. 31, 2013

Equity Tables

Summary of common stock activity

The following table summarizes common stock activity for the three months ended March 31, 2013:

	Common Stock
Shares outstanding at December 31, 2012		76,639,849
Shares issued pursuant to options exercised for cash		10,000
Shares issued pursuant to cashless warrants exercised		982,419
Shares issued pursuant to warrants exercised for cash		31,539
Shares outstanding at March 31, 2013		77,663,807

Summary of warrant activity

The following table summarizes warrant activity for the following periods:

	Warrants			Weighted- Average Exercise Price
Balance at December 31, 2012		18,788,485		$	0.56
Granted		1,137,632		$	0.96
Expired / Canceled		(688,749)		$	1.49
Exercised		(1,948,792	)	$	0.50
Balance at March 31, 2013		17,288,576		$	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, 2012		3,031,221		$	0.82
Granted		410,000		$	0.93
Expired/Cancelled		(9,996	)	$	0.82
Exercised		(10,000	)	$	0.17
Balance at March 31, 2013		3,421,225		$	0.83