Warrants (Tables)

6 Months Ended

Jun. 30, 2012

	Six Months Ended June 30, 2012
	Weighted Average Exercise
	Warrants		Price
Warrants outstanding at December 31, 2011		4,096,476	$	.97
Granted		-		-
Exercised		196,718		.17
Expired		-		-
Warrants outstanding at June 30, 2012		3,899,758	$	.77


	Three Months Ended June 30, 2012
	Weighted Average Exercise
	Warrants		Price
Warrants outstanding at March 31, 2012		3,899,758	$	.77
Granted		-		-
Exercised		-		-
Expired		-		-
Warrants outstanding at June 30, 2012		3,899,758	$	.77

Schedule of Warrant Activity by Exercise Price Range

Warrants Outstanding
Range of Exercise Price	Number Outstanding		Remaining Average Contractual Life (In Years)		Weighted Average Exercise Price
$0.35 - $0.75		2,446,483		2.49	$	.48
$1.25		1,453,275		.95		1.25
Totals		3,899,758		2.07	$	.77

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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