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STOCK OPTIONS
6 Months Ended
Jun. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Options
STOCK OPTIONS
 
The following table summarizes stock option activity during the six months ended June 30, 2013:
 
 
Number of
Options
 
Weighted Average
Exercise Price
Balance at January 1, 2013
4,353,167

 
$
1.05

Granted
1,912,500

 
0.39

Exercised

 

Forfeited
(486,667
)
 
(1.06
)
Expired
(188,333
)
 
(1.66
)
Balance at June 30, 2013
5,590,667

 
$
0.80

Exercisable at June 30, 2013
3,020,172

 
$
1.02


    
During the six months ended June 30, 2013, we granted options exercisable to purchase 1,912,500 shares of common stock at a weighted average exercise price of $0.39 per share under our 2006 Equity Incentive Plan. Options to purchase an aggregate of 149,000 shares of common stock were granted during the six months ended June 30, 2012.