A Summary Of The Status Of The Warrants Granted (Tables)

9 Months Ended

Sep. 30, 2012

A Summary Of The Status Of The Warrants Granted

A Summary Of The Status Of The Warrants Granted

A summary of the status of the warrants granted for the nine month period ended September 30, 2012 and for the year ended December 31, 2011 and changes during the periods then ended is presented below:

For the Year Ended December 31, 2011					For the Nine Months Ended September 30, 2012
	Shares		Weighted Average Exercise Price			Shares		Weighted Average Exercise Price
Outstanding at beginning of period		3,230,369	$	1.07	Outstanding at beginning of period		8,938,668	$	0.82
Granted		5,708,299		0.68	Granted		6,189,800		0.20
Exercised		-		-	Exercised		160,000		1.00
Forfeited		-		-	Forfeited		-		-
Expired		-		-	Expired		-		-
Outstanding at end of period		8,938,668	$	0.82	Outstanding at end of period		14,968,468	$	0.56

		As of September 30, 2012						As of September 30, 2012
		Warrants Outstanding						Warrants Exercisable
				Weighted-
				Average		Weighted-				Weighted-
Range of		Number		Remaining		Average		Number		Average
Exercise Prices		Outstanding		Contract Life		Exercise Price		Exercisable		Exercise Price
$	0.001		299,769		0.3	$	0.001		299,769	$	0.001
	0.15		5,389,800		4.9		0.15		5,389,800		0.15
	0.25		200,000		3.1		0.25		200,000		0.25
	0.40		1,299,999		2.5		0.40		1,299,999		0.40
	0.50		2,694,450		1.7		0.50		2,694,450		0.50
	0.60		975,000		4.2		0.60		975,000		0.60
	0.75		200,000		3.1		0.75		200,000		0.75
	1.00		2,909,450		1.6		1.00		2,909,450		1.00
	2.00		1,000,000		0.3		2.00		1,000,000		2.00
$	0.001- 2.00		14,968,468		3.0	$	0.56		14,968,468	$	0.56