Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2013

Stockholders Equity Tables

Preferred stock

Preferred Stock	Number of Shares Issued		Par Value		Conversion to Common Stock
Series “A" (1)		0	$	.0001		N/A
Series “B" (2)		1	$	.0001	1:1
Series “C" (3)		1	$	.0001	1:1
Series “D” (4)		1,379,685	$	.0001	10:1
Series “E” (5)		0	$	.0001	1:1

A summary of option activity

Options	Shares			Weighted- Average Exercise Price			Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at December 31, 2012		7,163		$	22.34			4.4
Granted		2,005,500		$	7.08			9.5
Exercised		-		$	-
Expired or forfeited		(500	)	$	(25.00	)
Outstanding at September 30, 2013		2,012,163		$	7.13			9.5	$	1,724,730
Options exercisable at September 30, 2013		36,663		$	7.43			9.5	$	25,800

A summary of the restricted stock award activity

	Number of Units		Weighted Average Grant  Date Fair Value
Nonvested at January 1, 2013		122,500	$6.83
Granted		-
Vested		(120,250)	($6.80)
Forfeited		(2,000)	($6.83)
Nonvested at September 30, 2013		250	$6.83

Stock based compensation expense

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
Stock Options with:
Service conditions only	$	4,716,070	$	-	$	4,718,214	$	40,000
Combined market and service conditions		306,250		-		306,250		-
Combined market and performance conditions		1,555,535		-		1,555,535		-
Restrcited stock		816,000		-		822,486		-
	$	7,393,855	$	-	$	7,402,485	$	40,000