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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2013
Equity [Abstract]  
Schedule of Common Stock Shares Issued

During the nine months ended September 30, 2013, we issued shares of common stock as follows:

 

     Common Stock         
     Shares      Amount  

Common stock issued for services

     69,017       $ 198,858   

Common stock issued for Quest

     22,000,000         55,000,000   

Note and interest conversions

     8,472,539         3,148,493   

Warrant conversions

     7,232,779         21,698,338   
  

 

 

    

 

 

 
     37,774,335       $ 80,045,689   
  

 

 

    

 

 

 
Summary of Warrants Issued and Outstanding

Warrants Issued and Outstanding as of September 30, 2013

 
     Date of    Exercise      Shares of  

Description

   Issuance    Expiration    Price      Common Stock  

Exercisable warrants

           

Warrant 1-1

   03/22/12    03/21/17    $ 0.37         1,381,115   

Warrant 1-5

   10/10/12    10/09/17    $ 0.37         5,524,461   

Warrant 1-6

   03/29/13    03/21/17    $ 0.37         500,000   

Less warrants exercised

              (7,405,576
           

 

 

 

Total exercisable warrants

              —     

Contingent warrants

           

Warrant 1-2

   03/22/12    03/21/17    $ 0.37         345,278   

Warrant 1-3

   03/22/12    03/21/17    $ 0.37         345,278   

Warrant 1-4

   03/22/12    03/21/17    $ 0.37         690,557   

Less warrants cancelled

              (1,381,113
           

 

 

 

Total contingent warrants

              —     
           

 

 

 

Total warrants issued and outstanding

        —     
           

 

 

 
Summary of Stock Option Activity

Following is a summary of stock option activity subsequent to December 31, 2012 through September 30, 2013:

 

     Stock Options  
                  Weighted-  
           Exercise      Average  
     Number     Price Per      Exercise Price  
     of Shares     Share      Per Share  

Outstanding at December 31, 2012

     3,350,115        2.00 - 2.79         2.20   

Granted

     108,000        2.65 - 2.65         2.65   

Canceled/Forfeited

     (367,833     2.10 - 2.79         2.24   
  

 

 

      

Outstanding at September 30, 2013

     3,090,282        2.65 - 2.65         2.22   
  

 

 

      
Summary of Stock Option Outstanding

The following additional information applies to options outstanding at September 30, 2013:

 

            Weighted-                       
            Average      Weighted-             Weighted-  
Ranges of    Outstanding at      Remaining      Average      Excercisable at      Average  
Exercise    September 30,      Contractual      Exercise      September 30,      Exercise  
Prices    2013      Life      Price      2013      Price  
$2.00 - $2.79      3,090,282         5.3       $ 2.22         2,872,782       $ 2.21