Options

Weighted Average Exercise Price

Weighted Average Remaining Contractual Life (in years)

Options outstanding as of December 31, 2012

1,790,002

$

1.49

2.64

Granted at fair value

-

Exercised

(46,668

)

$

1.20

-

Canceled/expired/forfeited

(50,000

)

$

1.60

-

Options outstanding as of June 30, 2013

1,693,334

$

1.50

1.55

Options exercisable as of June 30, 2013

1,348,334

$

1.49

1.37