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EQUITY INCENTIVE PLAN (Tables)
12 Months Ended
Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes activity under the Plan during the year ended December 31, 2011:
 
 
 
Number of
Options
 
Weighted Average
Exercise Price
Balance at January 1, 2011:
 
2,565,001

 
$
2.08

Granted
 
2,440,500

 
1.17

Exercised
 
(30,000
)
 
(0.76
)
Forfeited
 
(353,501
)
 
(1.64
)
Expired
 
(450,000
)
 
(6.69
)
Balance at December 31, 2011:
 
4,172,000

 
$
1.10

Exercisable at December 31, 2011
 
2,131,045

 
$
1.05

The following table summarizes the stock options that were issued during the year ended December 31, 2012:
 
 
 
Number of
Options
 
Exercise Price
February 15, 2012
 
100,000

 
$1.45
April 2, 2012
 
49,000

 
$1.19
July 2, 2012
 
227,500

 
$0.86
September 12, 2012
 
250,000

 
$0.98
October 1, 2012
 
154,500

 
$0.94
 
 
781,000

 
 
The following table summarizes activity under the Plan during the year ended December 31, 2012:
 
 
 
Number of
Options
 
Weighted Average
Exercise Price
Balance at January 1, 2012:
 
4,172,000

 
$1.10
Granted
 
781,000

 
$
1.01

Exercised
 
(20,000
)
 
(0.50
)
Forfeited
 
(554,333
)
 
(1.15
)
Expired
 
(25,500
)
 
(5.42
)
Balance at December 31, 2012:
 
4,353,167

 
$
1.05

Exercisable at December 31, 2012
 
2,762,810

 
$
1.02

The following table summarizes activity under the Plan during the year ended December 31, 2010:
 
 
 
Number of
Options
 
Weighted Average
Exercise Price
Balance at January 1, 2010:
 
3,331,731

 
$
2.39

Granted
 
125,000

 
0.50

Exercised
 
(100,000
)
 
(0.42
)
Forfeited
 
(593,499
)
 
(0.73
)
Expired
 
(198,231
)
 
(11.07
)
Balance at December 31, 2010:
 
2,565,001

 
$
2.08

Exercisable at December 31, 2010
 
2,358,334

 
$
2.22

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable
The following summarizes all stock options outstanding at December 31, 2012:
 
Exercise Price Range
 
Number of
Options
Outstanding
 
Remaining
Weighted-Average
Contractual Life
 
Weighted–Average
Exercise Price
 
Number of
Options
Exercisable
$  0.00—$  0.50
 
40,000

 
5.8 years
 
$0.48
 
40,000

$  0.51—$  1.00
 
1,622,000

 
6.6 years
 
$0.78
 
1,043,333

$  1.01—$  1.50
 
2,492,834

 
7.0 years
 
$1.18
 
1,481,144

$  1.50—$2.00
 
198,333

 
0.6 years
 
$1.90
 
198,333

 
 
4,353,167

 
 
 
 
 
2,762,810