NOTE 10

STOCK WARRANTS

A summary of the status of the Company’s outstanding stock warrants as of June 30, 2011 and December 31, 2010 and changes during the periods is presented below:

	Warrant		Weighted Average Price		Weighted Average Fair Value
Outstanding, December 31, 2010		13,316,835	$	0.40	$	0.40

Issued		-		-		-
Exercised		-		-		-
Forfeited		-		-		-
Expired		-		-		-

Outstanding, June 30, 2011		13,316,835	$	0.40	$	0.40

Exercisable, June 30, 2011		13,316,835	$	0.40	$	0.40

		Outstanding						Exercisable
Range of Exercise Prices		Number Outstanding at 6/30/11		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Number Exercisable at 6/30/11		Weighted Average Exercise Price

$	0.40		13,316,835		1.00	$	0.40		13,316,835	$	0.40