The following is a reconciliation of the numerators and denominators of the basic and diluted loss per common share computations for the three and nine months ended:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
	(unaudited)						(unaudited)

Numerator for basic and diluted loss per common share:

Net loss per common share -basic and diluted	$	(1,398,010	)	$	(646,660	)	$	(3,524,461	)	$	(1,461,921	)

Denominator for basic and diluted loss per common share:

Weighted average number of shares Outstanding		4,298,150			3,203,346			4,077,600			2,657,202

Basic and diluted loss per common share	$	(0.33	)	$	(0.20	)	$	(0.86	)	$	(0.55	)

Due to their anti-dilutive effect, the potential common shares have been excluded from the computation of diluted loss per share:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
	(unaudited)				(unaudited)

Warrants		3,811,119		2,492,861		3,811,119		2,492,861
Stock options		1,840,556		787,778		1,840,556		787,778
Convertible notes		2,304,478		1,438,497		2,304,478		1,438,497
Series A Preferred		1,292,492		1,396,742		1,292,492		1,396,742
Series B Preferred		2,993,504		3,051,884		2,993,504		3,051,884
Series C Preferred		451,750		451,750		451,750		451,750

		12,693,899		9,619,512		12,693,899		9,619,512