Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2013

A summary of the status of our stock options as of March 31, 2013, and changes during the three-month period then ended, is presented below:

	Three Months Ended March 31, 2013
	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
Outstanding at beginning of period		3,412,777		$	2.01
Granted		1,585,225			3.07
Exercised		(60,000	)		0.84
Forfeited		(45,000	)		2.62
Expired		-			-
Outstanding at end of period		4,893,002		$	2.35	7.7 years	$	3,158,458

Exercisable at end of period		2,022,640		$	1.36	5.2 years	$	2,964,259

Schedule of Nonvested Restricted Stock Activity

A summary of the status of our unvested restricted stock as of March 31, 2013, and changes during the three-month period then ended, is presented below:

	Three Months Ended March 31, 2013
	Number of Shares			Weighted Average Grant-Date Fair Value
Unvested at beginning of period		1,335,000		$	2.28
Granted		61,250			2.91
Vested		(660,000	)		1.74
Forfeited		-			-
Expired		-			-
Unvested at end of period		736,250		$	2.81