Stock Options and Warrants

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements

Stock Options and Warrants

Stock Options

Following is a summary of the stock option activity:

	Options Outstanding		Weighted Average Exercise Price
Outstanding as of December 31, 2010		13,934,651	$	0.15
Granted		2,066,491		0.09
Forfeited		15,000		0.69
Exercised		—		—
Outstanding as of September 30, 2011		15,986,142	$	0.11

Warrants

Following is a summary of the warrant activity:

	Warrants Outstanding		Weighted Average Exercise Price
Outstanding as of December 31, 2010		80,041,252	$	0.07
Granted		6,882,500		0.13
Forfeited		4,316,636		0.07
Exercised		13,783,364		0.03
Outstanding as of September 30, 2011		68,823,752	$	0.09