STOCK PURCHASE WARRANTS (Tables)

9 Months Ended

Sep. 30, 2012

Stock Purchase Warrants Tables

Common stock warrant activity

The following is a summary of all common stock warrant activity through September 30, 2012:

	Number of Shares		Exercise Price		Weighted Average
	Under Warrants		Per Share		Exercise Price
Warrants issued and exercisable at December 31, 2010		638,217	$	0.95- $2.00	$	1.11
Warrants Granted		4,238,764	$	0.83 - $1.33	$	1.23
Warrants Expired		(41,250)	$	2.00	$	2.00
Warrants issued and exercisable at December 31, 2011		4,843,531	$	0.95 - $2.00	$	1.21
Warrants Granted		437,500	$	0.50 -0.83	$	0.62
Warrants Expired		(37,500)	$	2.00	$	2.00
Warrants issued and exercisable at September 30, 2012		5,243,531	$	0.50 - $2.00	$	1.16

Common stock warrants outstanding and exercisable

The following represents additional information related to common stock warrants outstanding and exercisable at September 30, 2012:

Exercise Price		Number of Shares Under Warrants		Weighted Average Remaining Contract Life in Years		Weighted Average Exercise Price
$	0.50		277,500		1.55	$	0.50
$	0.83		1,021,028		2.29	$	0.83
$	0.95		86,250		0.44	$	0.95
$	1.00		426,417		6.60	$	1.00
$	1.33		3,432,336		2.75	$	1.33
			5,243,531		2.99	$	1.16