Stockholders' Deficiency (Tables)

12 Months Ended

Dec. 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 Twelve Months Ended
	December 31,
	2013	2012
Risk free interest rate	1.13% to 2.03%	.88% to 1.33%
Dividend yield	0.00%	0.00%
Expected volatility	162.0% to 175.0%	163.7% to 172.2%
Expected life in years	5.5 to 6.0	6.00

Summary of Stock Option Activity

A summary of the stock option activity during the years ended December 31, 2013 and 2012 is presented below:

						Weighted
				Weighted		Average
				Average		Remaining
	Number of			Exercise		Life		Intrinsic
	Options			Price		In Years		Value
Outstanding, January 1, 2012		2,165,925		$	2.89
Granted		416,000			5.39
Exercised		(231,357	)		1.62
Forfeited		(166,669	)		4.03
Outstanding, January 1, 2013		2,183,899		$	3.42
Granted		935,500			0.91
Exercised		-			-
Forfeited		(576,249	)		3.96
Outstanding, December 31, 2013		2,543,150		$	2.37	6.0	$	-
Exercisable, December 31, 2013		1,235,650		$	2.73	3.8	$	-

Summary of Stock Option Outstanding and Exercisable

The following table presents information related to stock options at December 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
$	0.30 - $2.20	$	1.11		1,354,400	$	0.57		0.6		485,900
$	2.21 - $3.80		3.23		757,750		2.95		4.0		507,750
$	3.81 - $6.99		4.79		431,000		4.59		7.8		242,000
		$	2.37		2,543,150	$	2.73		3.8		1,235,650

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:

	2013	2012
Risk free interest rate	.74% to 1.39%	.67%
Dividend yield	0.00%	0.00%
Expected volatility	146.0% to 166.7%	163.7%
Expected life in years	5.00	10.00

Summary of Stock Warrant Activity

A summary of the stock warrant activity during the years ended December 31, 2013 and 2012, respectively, is presented below:

				Weighted		Average
				Average		Remaining
	Number of			Exercise		Life		Intrinsic
	Warrants			Price		In Years		Value
Outstanding, January 1, 2012		2,916,590		$	2.53
Granted		30,000		$	2.90
Exercised		(2,353,744	)	$	1.60
Forfeited		-		$	-
Outstanding, January 1, 2013		592,846		$	3.01
Granted		14,255,023		$	0.28
Exercised		(12,505,023	)	$	0.28
Forfeited		-			-
Outstanding, December 31, 2013		2,342,846		$	0.94	3.9	$	37,918
Exercisable, December 31, 2013		2,072,846		$	0.66	4.0	$	37,918

Summary of Stock Warrants Outstanding and Exercisable

The following table presents information related to stock warrants at December 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	$	0.24		1,750,000	$	0.24		4.2		1,750,000
$	0.36 - $3.00		2.91		562,846		2.91		2.7		312,846
$	3.01 - $4.95		4.95		30,000		4.95		3.8		10,000
$	0.25 - $4.95	$	0.94		2,342,846	$	0.66		4.0		2,072,846