v2.4.0.6
Equity (Tables)
6 Months Ended
Jun. 30, 2013
Equity [Abstract]  
Schedule of Warrant Activity
A summary of the stock warrant activity during the six months ended June 30, 2013 is presented below:
 
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
Weighted
 
Average
 
 
 
 
 
 
 
 
 
Average
 
Remaining
 
 
 
 
 
 
Number of
 
Exercise
 
Life
 
Intrinsic
 
 
 
Warrants
 
Price
 
In Years
 
Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2012
 
 
201,908
 
$
169.80
 
 
 
 
 
 
 
Issued
 
 
90,476
 
 
34.52
 
 
 
 
 
 
 
Exercised
 
 
-
 
 
-
 
 
 
 
 
 
 
Cancelled
 
 
-
 
 
-
 
 
 
 
 
 
 
Balance, June 30, 2013
 
 
292,384
 
$
126.57
[1]
 
3.99
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable, June 30, 2013
 
 
292,384
 
$
126.57
[1]
 
3.99
 
$
-
 
 
[1] - Investor warrants to purchase 501 shares of common stock had a variable exercise price as of June 30, 2013. These warrants are excluded from the weighted average exercise price.
Schedule of Warrant
The following table presents information related to stock warrants at June 30, 2013:
 
Warrants Outstanding
 
Warrants Exercisable
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
Outstanding
 
Average
 
Exercisable
 
Exercise
 
Number of
 
Remaining Life
 
Number of
 
Price
 
Warrants
 
In Years
 
Warrants
 
 
 
 
 
 
 
 
 
 
 
 
 
$
3.00
 
 
57,253
 
 
4.96
 
 
57,253
 
 
45.00
 
 
2,651
 
 
4.35
 
 
2,651
 
 
67.50
 
 
4,066
 
 
2.55
 
 
4,066
 
 
75.00
 
 
3,376
 
 
3.29
 
 
3,376
 
 
90.00
 
 
68,489
 
 
4.31
 
 
68,489
 
 
112.50
 
 
1,935
 
 
3.50
 
 
1,935
 
 
187.50
 
 
128,457
 
 
3.24
 
 
128,457
 
 
198.00
 
 
20,001
 
 
5.40
 
 
20,001
 
 
300.00
 
 
5,655
 
 
4.18
 
 
5,655
 
 
Variable
 
 
501
 
 
2.15
 
 
501
 
 
 
 
 
292,384
 
 
3.99
 
 
292,384
 
Schedule of Black-Scholes Option Pricing Model To Options Granted
In applying the Black-Scholes option pricing model to options granted, the Company used the following assumptions:
 
 
 
For The Three Months Ended
 
For The Six Months Ended
 
 
 
June 30,
 
June 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
Risk free interest rate
 
 
n/a
 
 
n/a
 
 
n/a
 
 
0.96 - 1.11
%
Expected term (years)
 
 
n/a
 
 
n/a
 
 
n/a
 
 
5.40 - 6.00
 
Expected volatility
 
 
n/a
 
 
n/a
 
 
n/a
 
 
75
%
Expected dividends
 
 
n/a
 
 
n/a
 
 
n/a
 
 
0
%
Schedule of Share-based Compensation, Stock Options, Activity
A summary of the option activity during the six months ended June 30, 2013 is presented below:
 
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
Weighted
 
Average
 
 
 
 
 
 
 
 
 
Average
 
Remaining
 
 
 
 
 
 
Number of
 
Exercise
 
Life
 
Intrinsic
 
 
 
Options
 
Price
 
In Years
 
Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding, December 31, 2012
 
 
82,272
 
$
103.34
 
 
 
 
 
 
 
Granted
 
 
-
 
 
-
 
 
 
 
 
 
 
Exercised
 
 
-
 
 
-
 
 
 
 
 
 
 
Forfeited
 
 
(12,792)
 
 
103.61
 
 
 
 
 
 
 
Outstanding, June 30, 2013
 
 
69,480
 
$
103.29
 
 
8.1
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable, June 30, 2013
 
 
48,015
 
$
103.62
 
 
8.4
 
$
-
 
Schedule of Stock Option Outstanding
The following table presents information related to stock options at June 30, 2013:
 
Options Outstanding
 
Options Exercisable
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
Outstanding
 
Average
 
Exercisable
 
Exercise
 
Number of
 
Remaining Life
 
Number of
 
Price
 
Options
 
In Years
 
Options
 
 
 
 
 
 
 
 
 
 
 
 
 
$
54.00
 
 
167
 
 
-
 
 
-
 
 
60.00
 
 
167
 
 
-
 
 
-
 
 
66.00
 
 
250
 
 
-
 
 
-
 
 
103.50
 
 
57,513
 
 
8.5
 
 
41,785
 
 
104.40
 
 
11,383
 
 
7.4
 
 
6,230
 
 
 
 
 
69,480
 
 
8.4
 
 
48,015