EQUITY (Tables)

6 Months Ended

Jun. 30, 2012

Equity Tables

Summary of common stock activity

The following table summarizes common stock activity for the six months ended June 30, 2012:

	Common Stock
Shares outstanding at December 31, 2011		67,988,916
Shares issued pursuant to options exercised for cash		5,756
Shares issued pursuant to cashless warrants exercised		665,981
Shares outstanding at June 30, 2012		68,660,653

Summary of warrant activity

The following table summarizes warrant activity for the following periods:

	Warrants			Weighted- Average Exercise Price
Balance at December 31, 2011		28,453,760		$	0.52
Granted		150,000		$	0.88
Expired / Canceled		(12,000	)	$	0.50
Exercised		(1,139,000	)	$	0.50
Balance at June 30, 2012		27,452,760		$	0.54

Summary of stock option plans activity

A summary of the activity under the Company’s stock option plans is as follows: 

	Options			Weighted-Average Exercise Price
Balance at December 31, 2011		1,707,713		$	0.76
Granted		1,330,000		$	0.89
Expired/Cancelled		(21,894	)	$	0.97
Exercised		(5,756	)	$	0.30
Balance at June 30,2012		3,010,063		$	0.81