2010 Private Placements

6 Months Ended

Jun. 30, 2011

Note 3 - 2010 Private Placement Transactions

In March 2010, the Company entered into transactions to raise further growth capital (the “2010 Private Placement”). As required by ASC topic 260 “Earnings Per Share,” we recognized a $778,000 “Loss on Redemption of Preferred Stock” in our condensed consolidated statements of operations, which is added to our net loss to arrive at the net loss attributable to common stockholders.