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Equity Instruments (Tables)
3 Months Ended
Mar. 31, 2013
Equity Instruments [Abstract]  
Schedule of warrant activity

A summary of our warrant activity for the three months ended March 31, 2013 and 2012 follows:

 

                             

Warrants

  Shares     Weighted-
Average
Exercise
Price
    Weighted-Average
Remaining
Contractual Term
  Aggregate
Intrinsic Value
 

Outstanding at January 1, 2013

    35,957,583     $ 0.33     4.26 years        

Granted

    1,700,000     $ 0.25              

Forfeited or expired

    (325,000   $ 0.37              
   

 

 

                     

Outstanding at March 31, 2013

    37,332,583     $ 0.33     4.00 years        
   

 

 

                     

Exercisable at March 31, 2013

    37,298,583     $ 0.33     4.00 years     —    
         

Outstanding at January 1, 2012

    41,057,583     $ 0.35     4.86 years        

Granted

    25,000     $ 0.25              

Forfeited or expired

    (100,000   $ 0.53              
   

 

 

                     

Outstanding at March 31, 2012

    40,982,583     $ 0.35     4.61 years        
   

 

 

                     

Exercisable at March 31, 2012

    39,315,583     $ 0.33     4.67 years     —    
Schedule of option activity

A summary of our option activity for the three months ended March 31, 2013 and 2012 follows:

 

                             

Options

  Shares     Weighted-
Average
Exercise
Price
    Weighted-Average
Remaining
Contractual Term
  Aggregate
Intrinsic Value
 

Outstanding at January 1, 2013

    6,618,000     $ 0.32     8.29 years        

Forfeited or expired

    (190,000   $ 0.79              
   

 

 

                     

Outstanding at March 31, 2013

    6,428,000     $ 0.31     8.15 years     —    
   

 

 

                     

Exercisable at March 31, 2013

    6,091,334     $ 0.31     8.11 years     —    
         

Outstanding at January 1, 2012

    8,795,400     $ 0.33     7.74 years        

Forfeited or expired

    (40,000   $ 0.38              
   

 

 

                     

Outstanding at March 31, 2012

    8,755,400     $ 0.33     7.49 years     —    
   

 

 

                     

Exercisable at March 31, 20112

    8,004,400     $ 0.33     7.40 years     —