STOCK PURCHASE WARRANTS (Tables)

12 Months Ended

Dec. 31, 2012

Stock Purchase Warrants Tables

Common stock warrant activity

The following is a summary of all common stock warrant activity during the year ended December 31, 2012:

	Number of Shares		Exercise Price Share		Weighted Average
	Under Warrants		Per Share		Exercise Price
Warrants issued and exercisable at December 31, 2011		4,843,531	$	0.95 - $2.00	$	1.21
Warrants Granted		2,598,531	$	0.50 - $0.95	$	0.85
Warrants Expired		(37,500)	$	2.00	$	2.00
Warrants issued and exercisable at December 31, 2012		7,404,562	$	0.50 - $2.00	$	1.08

Common stock warrants outstanding and exercisable

The following represents additional information related to common stock warrants outstanding and exercisable at December 31, 2012:

Exercise Price		Number of Shares Under Warrants		Weighted Average Remaining Contract Life in Years		Weighted Average Exercise Price
$	0.50		277,500		1.30	$	0.50
$	0.83		1,041,028		2.65	$	0.83
$	0.84		20,000		3.59	$	0.84
$	0.85		281,912		4.56	$	0.85
$	0.90		1,819,119		0.88	$	0.90
$	0.95		106,250		0.86	$	0.95
$	1.00		426,417		6.35	$	1.00
$	1.33		3,432,336		2.50	$	1.33
			7,404,562		2.36	$	1.08