Stockholders' Deficiency (Tables)

3 Months Ended

Mar. 31, 2013

Stockholders Deficiency Tables

Schedule of Stock Options Granted

In applying the Black-Scholes option pricing model to stock options granted, the Company used the following weighted average assumptions:

	For The Three Months Ended
	March 31,
	2013			2012
Risk free interest rate		1.13	%		1.04	%
Dividend yield		0.00	%		0.00	%
Expected volatility		166.0	%		172.2	%
Expectd life in years		6.00			6.00

Summary of Stock Option Activity

A summary of the stock option activity during the three months ended March 31, 2013 is presented below:

						Weighted
				Weighted		Average
	Number			Average		Remaining
	of			Exercise		Life		Intrinsic
	Options			Price		In Years		Value
Outstanding, January 1, 2013		2,183,899		$	3.42
Granted		330,500			1.60
Exercised		-			-
Forfeited		(62,916	)		3.11
Outstanding, March 31, 2013		2,451,483		$	3.18		6.2	$	77,331
Exercisable, March 31, 2013		1,192,649		$	2.66		4.7	$	77,331

Summary of Stock Option Outstanding and Exercisable

The following table presents information related to stock options at March 31, 2013:

	Options Outstanding		Options Exercisable
	Weighted		Weighted	Weighted
Range of	Average	Outstanding	Average	Average	Exercisable
Exercise	Exercise	Number of	Exercise	Remaining Life	Number of
Price	Price	Options	Price	In Years	Options
$0.80 - $2.20	$         1.59	806,400	$         1.58	2.5	485,900
$2.21 - $3.80	3.19	924,083	2.91	5.6	510,083
$3.81 - $6.99	4.94	721,000	4.65	8.1	196,666
	$         3.18	2,451,483	$         2.66	4.7	1,192,649

Schedule of Stock Warrants Granted

In applying the Black-Scholes option pricing model to stock warrants granted, the Company used the following weighted average assumptions:

	For The Three Months Ended
	March 31,
	2013			2012
Risk free interest rate		0.88	%		n/a
Dividend yield		0.00	%		n/a
Expected volatility		164.3	%		n/a
Expectd life in years		5.00			n/a

Summary of Stock Warrant Activity

A summary of the stock warrant activity during the three months ended March 31, 2013 is presented below:

						Weighted
				Weighted		Average
				Average		Remaining
	Number of			Exercise		Life		Intrinsic
	Warrants			Price		In Years		Value
Outstanding, January 1, 2013		592,846		$	3.01
Granted		13,580,023			0.28
Exercised		(8,125,750	)		0.25
Forfeited		-			-
Outstanding, March 31, 2013		6,047,119		$	0.58		4.7	$	4,618,507
Exercisable, March 31, 2013		5,767,119		$	0.46		4.8	$	4,618,507

Summary of Stock Warrants Outstanding and Exercisable

The following table presents information related to stock warrants at March 31, 2013:

	Warrants Outstanding		Warrants Exercisable
	Weighted		Weighted	Weighted
Range of	Average	Outstanding	Average	Average	Exercisable
Exercise	Exercise	Number of	Exercise	Remaining Life	Number of
Price	Price	Warrants	Price	In Years	Warrants
$0.25 - $0.35	$        0.26	5,045,925	$        0.26	4.9	5,045,925
$0.36 - $1.60	1.00	408,348	1.00	4.9	408,348
$1.61 - $3.00	2.91	562,846	2.91	3.4	312,846
$3.01 - $4.95	4.95	30,000	-	-	-
	$        0.58	6,047,119	$        0.46	4.8	5,767,119