Warrants

3 Months Ended

Mar. 30, 2013

Warrants

Note 8. Warrants

During the three months ended March 30, 2013, 3,414,283 warrants with an exercise price of $0.21 per share were exercised and the Company received proceeds of $716,999 from exercise of these warrants.  These warrants were issued during the year ended January 1, 2011 pursuant to a subscription agreement entered into by the holders of such warrants and the Company on April 22, 2010.

In addition, during the three months ended March 30, 2013, 781,236 warrants issued during the year 2008 with an exercise price of $3.00 per share expired.

At March 30, 2013, the following warrants were outstanding and exercisable:

Warrants granted in connection with :	Weighted Average Exercise Prices		Number Outstanding And Exercisable At March 30, 2013		Weighted Average Remaining Contractual Life
2008 Private placement equity offering	$	3.00		937,114	2.1 months
2010 Private placement equity offering	$	0.21		4,389,281	1.7 months
2012 Placement agent commission	$	0.85		285,000	16.1 months
2012 Non-employee award	$	0.75		250,000	16.3 months
	$	0.71		5,861,395	3.1 months