EQUITY (Tables)

12 Months Ended

Dec. 31, 2012

Equity Tables

Equity

As of December 31, 2012, 8,863,917 warrants to purchase common stock of the Company were issued and outstanding, additional information on 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
100,000	$	0.700		12/31/09		12/31/14		No
375,000	$	0.500		08/20/09		08/20/14		No
350,000	$	0.375		01/31/08		01/31/13		No
500,000	$	0.375		12/31/08		12/31/13		No
142,593	$	0.360		05/14/10		05/14/15		Yes
175,000	$	0.350		08/20/09		08/20/14		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
8,863,917

Expected Dividend Yield	0.0%
Volatility	40.0%
Weighted average risk free interest rate	0.2%
Weighted average expected life (in years)	1.4