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6. Shareholders’ Equity (Deficiency) (Tables)

12 Months Ended

Dec. 31, 2012

Equity [Abstract]

Warrant activity

		Year Ended								Year Ended
		December 31, 2012								December 31, 2011
						Wtd. Avg.								Wtd. Avg.
						Exercise								Exercise
		Shares				Price				Shares				Price
Outstanding at beginning of year			6,218,750			$	0.08				4,218,750			$	0.10
Granted			2,000,000				0.08				2,000,000				0.06
Exercised			––				––				––				––
Forfeited/Expired			(500,000	)			0.25				––				––
Outstanding and exercisable at end of year			7,718,750			$	0.07				6,218,750			$	0.08

Stock option activity

		Year Ended								Year Ended
		December 31, 2012								December 31, 2011
						Wtd. Avg.								Wtd. Avg.
						Exercise								Exercise
		Shares				Price				Shares				Price
Outstanding at beginning of year			17,873,227			$	0.08				14,564,815			$	0.09
Granted			3,150,000				0.12				6,220,873				0.08
Exercised			-				-				-				-
Forfeited			(643,625	)			(0.12	)			(2,912,461	)			(0.08	)
Outstanding at end of year			20,379,602			$	0.09				17,873,227			$	0.08

Stock options exercisable at year end			14,105,066			$	0.08				9,667,990			$	0.08

Stock options outstanding

				Number
				Outstanding at				Weighted Average
Range of				December 31,				Remaining				Weighted Average
Exercise Prices				2012				Contractual Life				Exercise Price
$	0.04-$0.07				2,725,000				5.11			$	0.06
$	0.08-$0.09				11,522,114				6.47			$	0.08
$	0.10-$0.31				6,132,488				7.75			$	0.11
					20,379,602				6.67			$	0.09

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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