Subsequent Events	3 Months Ended
Mar. 31, 2012
Notes to Financial Statements
Subsequent Events	NOTE 9 – SUBSEQUENT EVENTS During April 2012, warrants to purchase 42,500 shares of common stock were exercised with total proceeds of $10,625. During April 2012, warrants to purchase 357,500 shares of common stock were exercised with total proceeds of $89,375. During April 2012, warrants to purchase 500,000 shares of common stock were exercised with total proceeds of $125,000. In April 2012, a warrant to purchase 25,000 shares of common stock at an exercise price of $1.25 per share was voided. In May, 2012, the board of directors appointed its current Non-Executive Chairman of the board of directors as its new Chief Executive Officer and Executive Chairman of the board of directors and approved a grant of an option to purchase up to 500,000 shares of common stock at a purchase price of $1.30 per share. Using the Black-Scholes Option Pricing Formula, the option was valued at $618,805, fair value. The option expires in 10 years and vests quarterly over one year in equal installments of 125,000 shares per quarter commencing May 1, 2012 and will be expensed over the vesting terms. During April through May 2012, the institutional investor under the Company’s May 2011 agreement purchased 716,987 shares of common stock for proceeds of $800,000. The Company issued 12,068 shares of common stock as additional commitment fee, valued at $15,357, fair value, leaving 238,303 in reserve for additional commitment fees.

Subsequent Events

3 Months Ended

Mar. 31, 2012

NOTE 9 – SUBSEQUENT EVENTS

During April 2012, warrants to purchase 42,500 shares of common stock were exercised with total proceeds of $10,625.

During April 2012, warrants to purchase 357,500 shares of common stock were exercised with total proceeds of $89,375.

During April 2012, warrants to purchase 500,000 shares of common stock were exercised with total proceeds of $125,000.

In April 2012, a warrant to purchase 25,000 shares of common stock at an exercise price of $1.25 per share was voided.

In May, 2012, the board of directors appointed its current Non-Executive Chairman of the board of directors as its new Chief Executive Officer and Executive Chairman of the board of directors and approved a grant of an option to purchase up to 500,000 shares of common stock at a purchase price of $1.30 per share. Using the Black-Scholes Option Pricing Formula, the option was valued at $618,805, fair value. The option expires in 10 years and vests quarterly over one year in equal installments of 125,000 shares per quarter commencing May 1, 2012 and will be expensed over the vesting terms.

During April through May 2012, the institutional investor under the Company’s May 2011 agreement purchased 716,987 shares of common stock for proceeds of $800,000. The Company issued 12,068 shares of common stock as additional commitment fee, valued at $15,357, fair value, leaving 238,303 in reserve for additional commitment fees.