Stockholders' Deficiency (Tables)

9 Months Ended

Sep. 30, 2014

Stockholders Deficiency Tables

Schedule of Stock Option

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

	For The Three Months Ended		For The Nine Months Ended
	September 30,		September 30,
	2014	2013	2014	2013
Risk free interest rate	0.97% to 1.75%	n/a	0.97% to 1.75%	1.13% to 1.50%
Dividend yield	0.00%	n/a	0.00%	0.00%
Expected volatility	190.0%	n/a	190.0%	166.0% to 175.0%
Expected life in years	3.0 to 5.5	n/a	3.0 to 5.5	6.0

Summary of Stock Option Activity

A summary of the stock option activity during the nine months ended September 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		595,000			0.17
Exercised		-			-
Forfeited		(536,450	)		2.37
Outstanding, September 30, 2014		2,601,700		$	1.86		6.5	$	-
Exercisable, September 30, 2014		1,002,689		$	3.07		5.1	$	-

Summary of Stock Option Outstanding and Exercisable

The following table presents information related to stock options at September 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
$	0.16 - $2.20	$	0.56		1,527,950	$	1.18		6.6		212,939
$	2.21 - $3.80		3.23		757,750		2.95		3.3		507,750
$	3.81 - $6.99		4.88		316,000		4.72		7.2		282,000
		$	1.86		2,601,700	$	3.07		5.1		1,002,689

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 Nine Months Ended
	September 30,		September 30,
	2014	2013	2014	2013
Risk free interest rate	1.69% to 2.32%	n/a	1.69% to 2.52%	0.87%
Dividend yield	0.00%	n/a	0.00%	0.00%
Expected volatility	189% to 190%	n/a	171.0% to 190.0%	164.3%
Expected life in years	5.0	n/a	5.0	5.0

Summary of Stock Warrant Activity

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

					Weighted
			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		5,689,532		0.28
Exercised		-		-
Forfeited		-		-
Outstanding, September 30, 2014		8,032,378	$	0.48		4.5	$	20,848
Exercisable, September 30, 2014		7,782,378	$	0.40		4.5	$	20,848

Summary of Stock Warrants Outstanding and Exercisable

The following table presents information related to stock warrants at September 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
$	0.15 - $0.35	$	0.28		7,439,532	$	0.28		4.7		7,439,532
$	0.36 - $3.00		2.91		562,846		2.91		2.0		312,846
$	3.01 - $4.95		4.95		30,000		4.95		3.1		30,000
$	0.15 - $4.95	$	0.48		8,032,378	$	0.40		4.5		7,782,378