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Common Stock Warrants
6 Months Ended
Jun. 30, 2012
Common Stock Warrants [Abstract]  
Common Stock Warrants
Note 5. Common Stock Warrants

The following table shows outstanding warrants as of June 30, 2012, all of which were issued in the July 2011 private placement financing transaction. All of the outstanding warrants have cashless exercise provisions in the event the registration statement registering the resale of the shares of common stock issuable upon exercise of the warrants is not effective or the prospectus forming a part of the registration statement is not current. All warrants are exercisable for common stock.

 

                             

Date Issued

  Warrant Shares     Exercise Price    

Expiration Date

  Potential Proceeds if
Exercised for Cash
 

July 18, 2011

    14,791,376     $ 0.75     July 18, 2016   $ 11,093,532