Note 8 - Warrants To Purchase Common Stock

6 Months Ended

Jun. 30, 2013

Notes

Note 8 - Warrants To Purchase Common Stock

NOTE 8 - WARRANTS TO PURCHASE COMMON STOCK

During the three and six months ended June 30, 2013 in connection with private placement offerings, for the sale of common stock, the Company issued warrants to purchase 9,898,836 shares of the Company's common stock at an exercise price of $1.00. All warrants are still outstanding as of June 30, 2013 and expire at various dates through 2016. A summary of warrants issued, exercised and expired for the three months ended June 30, 2013 follows:

	Shares	Weighted- Average Exercise     Price	Weighted- Average Remaining Contractual Term
Outstanding at December 31, 2012	650,280	$ 1.25	2.15
Granted	9,898,836	1.00	2.00
Exercised	-	-	-
Expired	(11,667)	3.00	3.00
Outstanding at June 30, 2013	10,537,449	$ 1.00	1.85
Exercisable at June 30, 2013	10,537,449	$ 1.00	1.91