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Equity
3 Months Ended
Sep. 30, 2011
Equity  
Stockholders' Equity Note Disclosure [Text Block]

Note 10.    Exercise Dates of Warrants

 

                In February 2010, the Company modified the exercise price on all of the Preferred Stock Warrant B from $2.64 to $1.68 and on all of the Common Stock Warrant B from $0.22 to $0.14 to encourage the exercise of the warrants. In July 2010, the Company agreed to extend the modification to September 30, 2011, to encourage exercising of these warrants in order for the Company to receive additional funding.  No additional expense was recorded for this extension due to the warrants being originally connected to a capital raise.

 

                On July 22, 2011, HDI agreed to extend the modification to September 30, 2012, to encourage exercising of the warrants in order for the Company to receive additional funding. No additional expense was recorded for this extension due to the warrants being originally connected to a capital raise. During the three months ended September 30, 2010, the Company received $30,000 in cash proceeds for the exercise of these common and preferred stock warrants of 122,127 and 7,680 shares, respectively. There were no warrants exercised during the three months ended September 30, 2011.