Stockholders' Deficiency (Tables)

6 Months Ended

Jun. 30, 2014

Stockholders Deficiency Tables

Summary of Stock Option Activity

A summary of the stock option activity during the six months ended June 30, 2014 is presented below:

						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
	Number of			Exercise		Life		Intrinsic
	Options			Price		In Years		Value
Outstanding, January 1, 2014		2,543,150		$	2.37
Granted		-			-
Exercised		-			-
Forfeited		(483,116	)		2.21
Outstanding, June 30, 2014		2,060,034		$	2.40		6.4	$	-
Exercisable, June 30, 2014		1,002,356		$	3.02		5.3	$	-

Summary of Stock Option Outstanding and Exercisable

The following table presents information related to stock options at June 30, 2014:

		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	$	0.84		951,617	$	1.24		6.6		231,606
$	2.21 - $3.80		3.23		757,750		2.95		3.5		507,750
$	3.81 - $6.99		4.88		350,667		4.74		7.3		263,000
		$	2.40		2,060,034	$	3.02		5.3		1,002,356

Schedule of Stock Warrants Granted

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

	For The Three Months Ended		For The Six Months Ended
	June 30,		June 30,
	2014	2013	2014	2013
Risk free interest rate	1.69% to 2.13%	0.74%	1.69% to 2.13%	0.87%
Dividend yield	0.00%	0.00%	0.00%	0.00%
Expected volatility	171.0% to 183.0%	166.0%	171.0% to 183.0%	164.3%
Expected life in years	5.0	5.0	5.0	5.0

Summary of Stock Warrant Activity

A summary of the stock warrant activity during the six months ended June 30, 2014 is presented below:

			Weighted		Average
			Average		Remaining		Aggregate
	Number of		Exercise		Life		Intrinsic
	Warrants		Price		In Years		Value
Outstanding, January 1, 2014		2,342,846	$	0.96
Granted		225,000	$	0.35
Exercised		-	$	-
Forfeited		-		-
Outstanding, June 30, 2014		2,567,846	$	0.91		3.5	$	-
Exercisable, June 30, 2014		2,317,846	$	0.69		3.6	$	-

Summary of Stock Warrants Outstanding and Exercisable

The following table presents information related to stock warrants at June 30, 2014:

		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	$	0.28		1,975,000	$	0.28		3.9		1,975,000
$	0.36 - $3.00		2.91		562,846		2.91		2.2		312,846
$	3.01 - $4.95		4.95		30,000		4.95		3.3		30,000
$	0.25 - $4.95	$	0.91		2,567,846	$	0.69		3.6		2,317,846