Series C Convertible Preferred Stock (Tables)

12 Months Ended

Dec. 31, 2012

Series C Convertible Preferred Stock Installments

Total Series C Convertible Preferred Stock installments made during the twelve month period ended December 31, 2012 is as follows:

	Installment      Payment		Cash		Stock ($)		Stock (shares)
Dividend	$	3,431	$	2,400	$	1,031		80,169
Principal		31,120		23,340		7,780		600,309
Total	$	34,551	$	25,740	$	8,811		680,478

Total Series C Convertible Preferred Stock installments made during the twelve month period ended December 31, 2011 is as follows:

	Installment      Payment		Cash		Stock ($)		Stock (shares)
Dividend	$	3,604	$	1,362	$	2,242		193,838
Principal		15,560		7,780		7,780		672,593
Total	$	19,164	$	9,142	$	10,022		866,431

Summary of Series C Preferred Stock Activity

The following table summarizes the Series C Preferred Stock activity during the two year period ended December 31, 2012:

	Shares			Amount
Series C Preferred Stock issued March 31, 2011		7,000		$	61,403
Preferred stock principal paid in cash		(778	)		(7,780	)
Preferred stock principal paid in common stock		(778	)		(7,780	)
Preferred stock accretion of fees and embedded derivative		—			4,255
Balance at December 31, 2011		5,444		$	50,098
Preferred stock principal paid in cash		(2,334	)		(23,340	)
Preferred stock principal paid in common stock		(778	)		(7,780	)
Preferred stock accretion of fees and embedded derivative		—			3,491
Balance at December 31, 2012		2,332		$	22,469