Summary of Significant Accounting Policies potentially outstanding dilutive common shares excluded (Tables)

6 Months Ended

Jun. 30, 2012

Summary of Significant Accounting Policies potentially outstanding dilutive common shares excluded (Tables)

potentially outstanding dilutive common shares excluded

The following table shows the potentially outstanding dilutive common shares excluded from the diluted net loss per common share calculation for the interim periods ended June 30, 2012 and 2011 as they were anti-dilutive:

	Potentially Outstanding Dilutive Common Shares
	For the Six Months Ended June 30, 2012		For the Six Months Ended June 30, 2011
Warrants issued in connection with debentures		2,773,157		1,925,267
Warrants sold for cash		222,350,000		188,050,000
Warrants issued in consideration of services provided		7,010,000		11,743,200
Warrants issued in connection with the sale of common stock		12,777,144		-
Sub-total - Warrants		244,910,301		201,718,467
Options issued from 5/20/03 to 4/21/11 to employees to purchase common shares exercisable at $0.0025 to $10.00 per share expiring 3 years to 10 years from the date of issuance		140,027,309		140,027,309
Options issued from 12/2/04 to 12/23/10 to consultants to purchase common shares exercisable at $0.006 to $9.00 per share expiring 5 years to 10 years from the date of issuance		2,761,889		2,761,889
Sub-total – Options		142,789,198		142,789,198
Shares of common stock issuable under the conversion feature of convertible notes payable		60,338,607		105,092,148
Total potentially outstanding dilutive common shares		448,038,106		449,599,813