Quarterly report pursuant to Section 13 or 15(d)

Stock Warrants

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Stock Warrants
6 Months Ended
Jun. 30, 2012
Stock Warrants
10. Stock Warrants

 

During the first six months of 2012, an outside investor exercised 20,000 Series V warrants in exchange for issuance of 20,000 shares of our common stock, resulting in gross proceeds of $6,200.

 

At June 30, 2012, there are 17.5 million warrants outstanding to purchase our common stock. The warrants are exercisable at prices ranging from $0.32 to $2.375 per share with a weighted average exercise price of $0.56 per share.