STOCK BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2013

Stock Based Compensation Tables

Schedule of Stock option activity

Stock option activity for the six months ended June 30, 2013 is summarized as follows:

	Shares			Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (in Years)		Grant Date Fair Value
Outstanding at December 31, 2012		2,939,167		$	5.70			6.50	$	1,144,024
Options previously expired		196,667			1.02			-		34,152
Options forfeited		(70,000	)		(1.33	)		-		(35,554	)
Options exercised		(290,000	)		(.61	)		-		(101,538	)
Outstanding at June 30, 2013		2,775 ,834		$	6.01			6.05	$	1,041,084
Vested at June 30, 2013		2,165,834		$	7.16			5.52	$	633,977
Exercisable at June 30, 2013		2,165,834		$	7.16			5.52	$	633,977

Schedule of Stock warrant activity

A summary of the Company’s stock warrant activity and related information for the six months ended June 30, 2013 is as follows:

	Shares			Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (in Years)		Grant Date Fair Value
Outstanding at December 31, 2012		1,163,308		$	12.37			0.40	$	128,889
Warrants exercised		(625,000	)		(1.65	)		-		(93,160	)
Warrants cancelled/forfeited/expired		(524,975	)		(25.38	)		-		(30,029	)
Warrants at June 30, 2013		13,333		$	2.27			2.16	$	5,700
Vested at June 30, 2013		7,083		$	2.72			2.07	$	2,900
Exercisable at June 30, 2013		7,083		$	2.72			2.07	$	2,900