STOCKHOLDERS' EQUITY (DEFICIT) (Tables)

6 Months Ended

Jun. 30, 2014

STOCKHOLDERS' EQUITY (DEFICIT) [Abstract]

Summary of Stock Option Activity

The summary of the stock option activity for the six months ended June 30, 2014 is as follows:

				Weighted
				Average		Weighted
				Exercise Price		Average Remaining
	Shares			per Share		Life (Years)
Outstanding, January 1, 2014		47,923,642		$	0.20		5.1
Granted		15,775,000		$	0.20		9.4
Cancelled		(5,395,250	)	$	0.12		8.0
Exercised		(1,616,300	)	$	0.04		3.8
Expired		(51,809	)	$	0.83		-
Outstanding June 30, 2014		56,635,283		$	0.21		6.5

Summary of Status of Non-Vested Options

The summary of the status of the Company's non-vested options for the six months ended June 30, 2014 is as follows:

				Weighted
				Average
				Grant
				Date
	Shares			Fair Value
Non-vested, January 1, 2014		13,418,000		$	0.034
Granted		15,775,000		$	0.058
Cancelled		(4,561,250	)	$	0.031
Vested		(2,287,250	)	$	0.044
Non-vested, June 30, 2014		22,344,500		$	0.051

Warrants to Purchase Common Stock

As of June 30, 2014, the Company has the following warrants to purchase Common Stock outstanding:

Number of Shares		Warrant Exercise		Warrant
To be Purchased		Price per Share		Expiration Date
	397,825	$	0.0362	September 30, 2014
	1,750,000	$	0.1000	August 16, 2015
	1,600,000	$	0.1250	August 16, 2015
	1,333,333	$	0.1500	August 16, 2015
	490,000	$	0.1000	October 22, 2015
	196,000	$	0.1250	October 22, 2015
	163,333	$	0.1500	October 22, 2015
	500,000	$	0.1000	November 19, 2015
	200,000	$	0.1250	November 19, 2015
	166,667	$	0.1500	November 19, 2015
	700,000	$	0.1000	February 15, 2016
	1,540,000	$	0.1250	February 15, 2016
	1,416,666	$	0.1500	February 15, 2016
	240,125	$	1.2500	October 24, 2016
	1,166,667	$	0.1750	February 10, 2017
	4,392,000	$	0.1500	June 21, 2018
	3,725,000	$	0.1250	September 30, 2018
	20,400,000	$	0.3125	March 11, 2019
	1,224,000	$	0.3000	March 11, 2019
	41,601,616