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Common Stock Purchase Warrants
3 Months Ended
Mar. 31, 2012
Common Stock Purchase Warrants [Abstract]  
Common Stock Purchase Warrants

Note 7. Common Stock Purchase Warrants

In connection with various financing transactions we have issued common stock purchase warrants to investors. The following table summarizes warrant activity for the three months ended March 31, 2012:

 

     Number of
Warrants
    Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Life
(in years)
 

Balance outstanding, January 1, 2012

     31,649,835      $ 0.97         2.8   

Warrants issued

     —          —           —     

Warrants exercised

     (2,730 )     0.28        —     

Warrants expired

     (2,653,080 )     1.04        —     

Warrants cancelled

     —          —           —     
  

 

 

   

 

 

    

 

 

 

Balance outstanding, March 31, 2012

     28,994,025      $ 0.96         2.8   
  

 

 

   

 

 

    

 

 

 

Warrants exercisable at March 31, 2012

     28,994,025      $ 0.96         2.8   
  

 

 

   

 

 

    

 

 

 

 

     Number of
Warrants
     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Life
(in years)
 

Warrants by Price Range

        

Warrants priced between $0.50 and $0.64

     18,283,513       $  0.59         2.9   

Warrants priced between $0.90 and $3.78

     10,710,512       $ 1.59         2.6   
  

 

 

    

 

 

    

 

 

 

Balance outstanding, March 31, 2012

     28,994,025       $ 0.96         2.8