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7. Outstanding Warrants

6 Months Ended

Jun. 30, 2015

During the three months ended June 30, 2015 the Company did not issue any common stock warrants. During the six months ended June 30, 2015, the Company issued 116 thousand common stock warrants to accredited investors who entered into amendments to Note and Warrant Purchase Agreements.

For the six months ended June 30, 2015, note investors exercised 116 thousand warrant shares at the weighted average exercise price of $0.01 per share.

A summary of warrant activity for the three and six months ended June 30, 2015 follows:

	Warrants Outstanding & Exercisable			Weighted - Average Exercise Price		Average Remaining Term in Years
Outstanding December 31, 2014		351		$	3.05		2.69
Expired		-			-		-
Granted		116			0.01		-
Exercised		(116	)		0.01		-
Outstanding March 31, 2015		351		$	3.05		2.45
Expired		-			-		-
Granted		-			-		-
Exercised		-			-		-
Outstanding June 30, 2015		351		$	3.05		2.20