Convertible Revolving Credit Agreement	6 Months Ended
Jun. 30, 2012
Convertible Revolving Credit Agreement	Note 6 - Convertible Revolving Credit Agreement During the year ended December 31, 2011, we entered into a convertible revolving credit agreement (the “Agreement”) with a private lender (“Lender”). Under the terms of the Agreement, Lender had agreed to lend us up to $2,000,000 on a revolving basis (the “Loan”). The Loan carried interest at 12% per annum on any outstanding principal amount. In consideration for the Loan, we issued to Lender 250,000 shares of our restricted common stock and initially accounted for this redeemable common stock outside of permanent equity at redemption value. The fair value at issuance of the shares given as consideration and the fair value of the beneficial conversion feature were recorded as a discount to the outstanding Loan, and the discount was scheduled to be amortized over the contractual term of the Agreement through September 30, 2012. Since we repaid the outstanding principal and terminated the Agreement during the three months ended June 30, 2012, which was earlier then the scheduled maturity date, we amortized the remaining discounts during the period. During the three and six months ended June 30, 2012, we amortized $203,471 and $305,206 of the discount to other expenses in our statement of operations. Upon termination of the Agreement, the 250,000 shares of common stock were reclassified to permanent equity.

Note 6 - Convertible Revolving Credit Agreement

During the year ended December 31, 2011, we entered into a convertible revolving credit agreement (the “Agreement”) with a private lender (“Lender”). Under the terms of the Agreement, Lender had agreed to lend us up to $2,000,000 on a revolving basis (the “Loan”). The Loan carried interest at 12% per annum on any outstanding principal amount. In consideration for the Loan, we issued to Lender 250,000 shares of our restricted common stock and initially accounted for this redeemable common stock outside of permanent equity at redemption value.

The fair value at issuance of the shares given as consideration and the fair value of the beneficial conversion feature were recorded as a discount to the outstanding Loan, and the discount was scheduled to be amortized over the contractual term of the Agreement through September 30, 2012. Since we repaid the outstanding principal and terminated the Agreement during the three months ended June 30, 2012, which was earlier then the scheduled maturity date, we amortized the remaining discounts during the period. During the three and six months ended June 30, 2012, we amortized $203,471 and $305,206 of the discount to other expenses in our statement of operations.

Upon termination of the Agreement, the 250,000 shares of common stock were reclassified to permanent equity.