Stockholders' Deficiency (Tables)

9 Months Ended

Sep. 30, 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		For The Nine Months Ended
	September 30,		September 30,
	2013	2012	2013	2012
Risk free interest rate	n/a	n/a	1.13% to 1.50%	1.04%
Dividend yield	n/a	n/a	0.00%	0.00%
Expected volatility	n/a	n/a	166.0% to 175.0%	172.2%
Expected life in years	n/a	n/a	6.00	6.00

Summary of Stock Option Activity

A summary of the stock option activity during the nine months ended September 30, 2013 is presented below:

						Weighted
				Weighted		Average
				Average		Remaining
	Number of			Exercise		Life		Intrinsic
	Options			Price		In Years		Value
Outstanding, January 1, 2013		2,183,899		$	3.42
Granted		430,500			1.57
Exercised		-			-
Forfeited		(425,749	)		4.20
Outstanding, September 30, 2013		2,188,650		$	2.90		5.4	$	-
Exercisable, September 30, 2013		1,210,151		$	2.72		4.3	$	-

Summary of Stock Option Outstanding and Exercisable

The following table presents information related to stock options at September 30, 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	$	1.57		874,400	$	1.58		2.0		485,900
$2.21 - $3.80		3.21		858,250		2.95		5.0		490,917
$3.81 - $6.99		4.86		456,000		4.60		7.6		233,334
	$	2.90		2,188,650	$	2.72		4.3		1,210,151

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		For The Nine Months Ended
	September 30,		September 30,
	2013	2012	2013	2012
Risk free interest rate	n/a	n/a	0.87%	n/a
Dividend yield	n/a	n/a	0.00%	n/a
Expected volatility	n/a	n/a	164.3%	n/a
Expected life in years	n/a	n/a	5.00	n/a

Summary of Stock Warrant Activity

A summary of the stock warrant activity during the nine months ended September 30, 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		13,955,023			0.28
Exercised		(12,505,023	)		0.28
Forfeited		-			-
Outstanding, September 30, 2013		2,042,846		$	1.05		1.3	$	724,348
Exercisable, September 30, 2013		1,762,846		$	0.72		1.3	$	724,348

Summary of Stock Warrants Outstanding and Exercisable

The following table presents information related to stock warrants at September 30, 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	$	0.25		1,450,000	$	0.25		4.4		1,450,000
$0.36 - $3.00		2.91		562,846		2.91		2.9		312,846
$3.01 - $4.95		4.95		30,000		-		-		-
	$	1.05		2,042,846	$	0.72		1.3		1,762,846