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Warrants

9 Months Ended

Sep. 30, 2012

11.

WARRANTS

The following presents information about warrants to purchase Common Stock issued and outstanding at September 30, 2012:


Year Issued	Classification	Number of		Exercise Price		Date of Expiration
Year Issued	Classification	Warrants		Exercise Price		Date of Expiration
2010	Derivative		13,537,994	$	1.40	10/26/2015-12/3/2015
2010	Derivative		1,967,858	$	1.00	9/26/2015-12/3/2015
2011	Equity		16,071	$	1.40	6/17/2018
2011	Equity		343,137	$	3.06	12/21/2016

Total			15,865,060


Weighted average exercise price				$	1.39


Weighted average life in years						3.18