Supplemental Disclosure of Non-cash Transactions

3 Months Ended

Mar. 31, 2013

Notes

Supplemental Disclosure of Non-cash Transactions

Supplemental disclosure of non-cash transactions:

During March 2013, the Company issued 150,000 shares of its common stock into escrow, pending the completion of potential financing with a European investment group. 

During March 2013, the Company issued 100,000 shares of its common stock at $0.43 per share for legal services, approximately $16,000 of which is in prepaid expenses at March 31, 2013.

During the three months ended March 31, 2013, the Company transferred a rental asset with a Net Book Value (NBV) of approximately $8,000 to inventory.

During January 2013, the Company issued 350,000 shares of its common stock into escrow, pending the completion of potential financing with a European investment group.

During February 2012, the Company issued 14,415 shares at $1.19 per share to settle $17,154 of accrued liabilities.

During March 2012, the Company issued 100,000 common shares at $1.111 per share to settle $111,100 of accrued liabilities.

See accompanying notes