2010 Private Placements

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements

Note 3 - 2010 Private Placements

In March and September 2010, the Company entered into transactions to raise further growth capital (the "2010 Private Placements"). As required by ASC topic 260 "Earnings Per Share, " we recognized a $934,000 "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.