Note 18 - Warrants

3 Months Ended

Mar. 31, 2013

Warrants Disclosure Textblock

18.   Warrants

The Company issued warrants in its August 2009 Financing. Warrants issued and outstanding at March 31, 2013 and changes during the three months then ended are as follows:

	Warrants Outstanding						Warrants Exercisable
	Number of underlying shares		Weighted Average Exercise Price		Average Remaining Contractual Life (years)		Number of underlying shares		Weighted Average Exercise Price		Average Remaining Contractual Life (years)
Balance, December 31, 2012 (audited)		2,363,456	$	3.52		1.63		2,363,456	$	3.52		1.63
Granted / Vested		-						-
Forfeited		-						-
Exercised		-						-
Balance, March 31, 2013 (unaudited)		2,363,456	$	3.52		1.39		2,363,456	$	3.52		1.39