Stockholders' Deficiency (Tables)

12 Months Ended

Dec. 31, 2014

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 Year Ended
	December 31,
	2014	2013
Risk free interest rate	0.97% to 2.29%	1.13% to 2.03%
Dividend yield	0.00%	0.00%
Expected volatility	190% to 191.0%	162.0% to 175.0%
Expected life in years	3.0 to 10.0	5.5 to 6.0

Summary of Stock Option Activity

A summary of the stock option activity during the years ended December 31, 2014 and 2013 is presented below:

						Weighted
				Weighted		Average
				Average		Remaining	Aggregate
	Number of			Exercise		Life	Intrinsic
	Options			Price		In Years	Value
Outstanding, January 1, 2013		2,183,899		$	2.76
Granted		935,500			0.91
Exercised		-			-
Forfeited		(576,249	)		3.96
Outstanding, December 31, 2013		2,543,150		$	2.37
Outstanding, January 1, 2014		2,543,150		$	2.37
Granted		1,937,857			0.13
Exercised		-			-
Forfeited		(536,450	)		2.37
Outstanding, December 31, 2014		3,944,557		$	1.27	7.4	$                -
Exercisable, December 31, 2014		3,135,876		$	1.11	8.0	$                -

Summary of Stock Option Outstanding and Exercisable

The following table presents information related to stock options at December 31, 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
$	0.12 - $2.20	$	0.36		2,870,807	$	0.26		9.2		2,339,126
$	2.21 - $3.80		3.23		757,750		2.95		3.0		507,750
$	3.81 - $6.99		4.88		316,000		4.73		7.0		289,000
$	0.12 - $6.99	$	1.27		3,944,557	$	1.11		8.0		3,135,876

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: 

Grants

	For Year Ended
	December 31,
	2014	2013
Risk free interest rate	1.52% to 2.52%	0.74% to 2.84%
Dividend yield	0.00%	0.00%
Expected volatility	171% to 192%	146% to 173.0%
Expected life in years	5.0 to 8.5	5.0 to 9.5

Summary of Stock Warrant Activity

A summary of the stock warrant activity during the years ended December 31, 2014 and 2013, respectively, 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		14,255,023		$	0.28
Exercised		(12,505,023	)	$	0.28
Forfeited		-		$	-
Outstanding, January 1, 2014		2,342,846		$	0.94
Granted		6,996,198		$	0.28
Exercised		-			-
Forfeited		-			-
Outstanding, December 31, 2014		9,339,044		$	0.45	4.2	$                -
Exercisable, December 31, 2014		9,079,044		$	0.38	4.3	$                -

Summary of Stock Warrants Outstanding and Exercisable

The following table presents information related to stock warrants at December 31, 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		8,746,198	$	0.28		4.4		8,746,198
$	0.36 - $3.00		2.91		562,846		2.91		1.7		312,846
$	3.01 - $4.95		4.95		30,000		4.95		2.8		20,000
$	0.15 - $4.05		0.45		9,339,044	$	0.38		4.3		9,079,044