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Note 12 - Warrant Liabilities: Schedule of Stockholders' Equity Note, Warrants or Rights (Tables)

3 Months Ended

Jun. 30, 2012

Schedule of Stockholders' Equity Note, Warrants or Rights:

Schedule of Stockholders' Equity Note, Warrants or Rights


Opening balance, October 1, 2011	$	1,545,098
Issued in nine months ended June 30, 2012		-
Change in warrant liabilities		(1,010,776)
Exercised in nine months ended June 30, 2012		-
Closing balance, June 30, 2012	$	534,322

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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