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

3 Months Ended

Mar. 31, 2013

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 three month period ended March 31, 2013 and for the year ended December 31, 2012 and changes during the periods then ended is presented below:

For the Year Ended December 31, 2012					For the Three Months Ended March 31, 2013
	Shares		Weighted Average Exercise Price			Shares		Weighted Average Exercise Price
Outstanding at beginning of period		8,938,668	$	0.82	Outstanding at beginning of period		17,143,468	$	0.50
Granted		7,364,800		0.18	Granted		0		0
Exercised		160,000		0.10	Exercised		240,000		0.24
Forfeited		-		-	Forfeited		-		-
Expired		-		-	Expired		-		-
Outstanding at end of period		17,143,468	$	0.50	Outstanding at end of period		16,903,468	$	0.39

		As of March 31, 2013						As of March 31, 2013
		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		0.2		0.001		299,769		0.001
	0.02		1,000,000		0.2		0.02		1,000,000		0.02
	0.075		350,000		4.8		0.075		350,000		0.075
	0.09		600,000		4.8		0.09		225,000		0.09
	0.15		6,614,800		4.4		0.15		4,764,800		0.15
	0.25		120,000		2.6		0.25		120,000		0.25
	0.40		1,299,999		2.0		0.40		1,299,999		0.40
	0.50		2,614,450		1.2		0.50		2,614,450		0.50
	0.60		975,000		3.8		0.60		975,000		0.60
	0.75		120,000		2.6		0.75		120,000		0.75
	1.00		2,909,450		1.6		1.00		2,909,450		1.00
$	0.0075- 1.00		16,903,468		2.8	$	0.39		14,678,468	$	0.42