General form of registration statement for all companies including face-amount certificate companies

STOCKHOLDERS EQUITY (DEFICIT) (Tables)

v2.4.0.8
STOCKHOLDERS EQUITY (DEFICIT) (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2013
Dec. 31, 2012
Equity [Abstract]    
Status of outstanding stock warrants
A summary of the status of the Company's outstanding stock warrants and changes during the period then ended is as follows:

  
  
Number of Warrants
    
Weighted Average Exercise Price
    
Weighted Average Remaining Contractual Life (Years)
  
Balance at December 31, 2012
    
199,162
    
$
7.02
      
6.52
  
Granted
    
502,404
      
6.50
      
3.00
  
Cancelled
    
-
      
-
      
-
  
Forfeited
    
(73,077)
      
6.50
      
8.92
  
Exercised
    
-
      
-
      
-
  
Balance at June 30, 2013
    
628,489
    
$
6.68
      
5.34
  
                         
Warrants exercisable at June 30, 2013
    
600,284
    
$
6.69
          
Weighted average fair value of warrants granted during the period ended
          
$
6.50
          
    Number of Warrants     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life (Years)  
Balance at December 31, 2011     -     $ -       -  
Granted     13,589,109       0.51       8.59  
Cancelled     (4,800,000 )      0.50       9.80  
Forfeited     -       -       -  
Exercised     (6,200,000 )     0.50       9.70  
Balance at December 31, 2012     2,589,109     $ 0.54       6.52  
                         
Warrants exercisable at December 31, 2012     1,089,109     $ -       -  
Weighted average fair value of warrants granted during the year ended December 31, 2012           $ 0.51          
Summary of stock options
A summary of the stock options as of June 30, 2013 and changes during the period are presented below:

   
Number of Options
    
Weighted Average Exercise Price
    
Weighted Average Remaining Contractual Life (Years)
  
Balance at December 31, 2012
    
153,846
      
6.50
      
9.87
  
Granted
    
423,077
      
6.95
      
5.29
  
Exercised
    
-
      
-
      
-
  
Forfeited
    
-
      
-
      
-
  
Cancelled
    
(105,769)
      
11.05
      
4.70
  
Balance outstanding at June 30, 2013
    
471,154
    
$
5.89
      
7.81
  
                         
Options exercisable at end of period
    
54,487
    
$
7.3
          
Options expected to vest
    
416,667
                  
Weighted average fair value of options granted during the period
          
$
4.42
          
    Number of Options     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life (Years)  
Balance at December 31, 2011     -       -       -  
Granted     5,000,000       0.50       10.0  
Exercised     -       -       -  
Forfeited     -       -       -  
Cancelled     (3,000,000)       0.50       10.0  
Balance outstanding at December 31, 2012     2,000,000     $ 0.50       9.87  
                         
Options exercisable at end of year     83,333     $ 0.50          
Options expected to vest     1,916,667                  
Weighted average fair value of options granted during the period           $ 0.48