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Summarizing Warrants Issued And Outstanding (Table)

6 Months Ended

12 Months Ended

Jun. 30, 2012

Dec. 31, 2011

Summarizing Warrants Issued And Outstanding

Summarizing Warrants Issued And Outstanding

Stock-Based Compensation

The Company records stock-based compensation in accordance with ASC 718, Compensation – Stock Compensation and ASC 505-50, Equity-Based Payments to Non-Employees. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. Equity instruments issued to employees and the cost of the services received as consideration are measured and recognized based on the fair value of the equity instruments issued.

Below is a table summarizing the warrants issued and outstanding as of December 31, 2011.


Date	Number	Exercise		Contractual	Expiration	Value if
Issued	Outstanding	Price		Life (Years)	Date	Exercised
12/31/10	-	$	-	-	-	$	-
03/15/11	200,000		0.50	5	3/15/2016		100,000
03/24/11	100,000		0.50	5	3/24/2016		50,000
04/01/11	100,000		0.50	5	4/1/2016		50,000
06/21/11	100,000		0.50	5	6/21/2016		50,000
07/13/11	250,000		1.05	5	07/13/16		262,500
12/31/11	750,000		0.68	-	-		512,500