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NOTE 10 Warrants
 12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
Warrants

NOTE 10 — Warrants

 

The Company has the following outstanding warrants to purchase common stock at December 31, 2011:

 

Reason Number
of Shares		 Price Per
Share		  Issue Date  Expiration
Date		  
Common stock financing (Note 3) 74,442 $1.80   May 2009   May 2014  
Senior convertible note financing (Note 2) 550,000 $2.44   Nov 2010   May 2016  
  624,442             

 

 

The Company had the following outstanding warrants to purchase common stock at December 31, 2010:

 

Reason Number
of Shares		 Price Per
Share		  Issue Date  Expiration
Date		  
Common stock financing (Note 3) 86,585 $1.80   May 2009   May 2014  
Senior convertible note financing (Note 2) 550,000 $2.44   Nov 2010   May 2016  
  636,585