Note 8 - Warrants To Purchase Common Stock

9 Months Ended

Sep. 30, 2013

Notes

Note 8 - Warrants To Purchase Common Stock

NOTE 8 - WARRANTS TO PURCHASE COMMON STOCK

During the first and second quarterof 2013 the Company issued, in connection with private placement offerings for the sale of common stock 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 September 30, 2013 and expire at various dates through 2016. A summary of warrants issued, exercised and expired for the nine months ended September 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	(24,167)	3.00	3.00
Outstanding at September 30, 2013	10,524,949	$    1.00	1.60
Exercisable at September 30, 2013	10,524,949	$    1.00	1.60