COMMON STOCK AND COMMON STOCK PURCHASE WARRANTS (Tables)

6 Months Ended

Jun. 30, 2012

Warrants Issued and Outstanding

Warrants issued and outstanding at June 30, 2012, and changes during the six 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, January 1, 2012		408,956		$	3.59		1.89		408,956		$	3.59		1.89
Granted/Vested		-							-
Forfeited		-							-
Exercised		(125,000	)		3.50		1.73		(125,000	)		3.50		1.73
Balance, June 30, 2012		283,956			3.63		1.42		283,956			3.63		1.42