EQUITY (Tables)

6 Months Ended

Jun. 30, 2012

Equity Tables

Equity

As of June 30, 2012, 15,018,582 warrants to purchase common stock of the Company were issued and outstanding, additional information about which is included in the following table:

Issued		Exercise Price		Issuance Date	Expiration Date	Vesting
	2,520,000	$	1.500	01/31/08	01/31/13	No
	175,864	$	0.770	12/31/09	12/31/14	No
	3,511,540	$	0.750	09/30/09	10/01/12	No
	100,000	$	0.700	12/31/09	12/31/14	No
	375,000	$	0.500	08/20/09	08/20/14	No
	50,000	$	0.500	11/01/09	11/01/12	No
	65,000	$	0.500	12/21/09	12/21/12	No
	350,000	$	0.375	01/31/08	01/31/13	No
	500,000	$	0.375	12/31/08	12/31/13	No
	200,000	$	0.375	10/09/09	10/09/12	No
	142,593	$	0.360	05/14/10	05/14/15	Yes
	60,000	$	0.350	07/01/09	07/01/12	No
	175,000	$	0.350	08/20/09	08/20/14	No
	2,218,125	$	0.350	09/01/09	09/01/12	No
	50,000	$	0.350	11/01/09	11/01/12	No
	100,000	$	0.350	12/31/09	12/31/14	No
	2,500,000	$	0.300	11/15/10	11/15/15	No
	20,833	$	0.300	04/01/09	04/01/14	Yes
	206,400	$	0.200	06/29/10	06/29/15	No
	212,400	$	0.200	07/21/10	07/21/15	No
	90,000	$	0.200	09/03/10	09/03/15	No
	1,395,827	$	0.150	12/31/08	12/31/13	Yes
	15,018,582

Expected Dividend Yield	0.0%
Volatility	40.0%
Weighted average risk free interest rate	0.2%
Weighted average expected life (in years)	1.2