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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">NOTE 1 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Nature of Operations and Continuance of Operations</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">BioDrain Medical, Inc. was incorporated under the laws of the State of Minnesota in 2002. The Company is developing an environmentally safe system for the collection and disposal of infectious fluids that result from surgical procedures and post-operative care.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The company has suffered recurring losses from operations and has a stockholders’ deficit. These factors raise substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Although management has hired investment bankers to raise capital in the past, with little success, we continue to work with a number of consultants and advisors to raise up to $3 million by the end of 2011.  Although our ability to raise this new capital is in substantial doubt we received $825,000 and $725,000, respectively, through private placements of equity and convertible debt in 2010 and 2009, and our April 1, 2009 510(k) clearance from the FDA to authorize us to market and sell our FMS products is being received very positively.  If the Company is successful in raising at least $3 million in new equity we will have sufficient capital to operate our business and execute our business plan for at least the next 12 months. If the Company raises the additional capital by issuing additional equity securities its shareholders could experience substantial dilution.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Recent Accounting Developments</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Issued in January 2010, ASU Update 2010-06, Fair Value Measures and Disclosures, provides amendments to Topic 820 that will provide more robust disclosures about (1) the different classes of assets and liabilities measured at fair value, (2) the valuation techniques and inputs used, (3) the activity in level 3 fair value measurements, and (4) the transfers between levels 1, 2, and 3.  ASC Update 2010-06 is effective for fiscal years beginning after December 15, 2010. We do not expect adoption of ASU Update 2010-06 to have a material effect to our financial statements or our disclosures.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Issued in October 2009, ASU Update 2009-13, Revenue Recognition Topic 605 - Multiple-Deliverable Revenue Arrangements provides guidance for separating consideration in multiple-deliverable arrangements. ASC Number 2009-13 is effective for fiscal years beginning on or after June 15, 2010. We do not expect adoption of ASU Update 2009-13 to have a material effect on our financial statements.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">We reviewed all other significant newly issued accounting pronouncements and determined they are either not applicable to our business or that no material effect is expected on our financial position and results of our operations.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Accounting Policies and Estimates</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Presentation of Taxes Collected from Customers</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Sales taxes are imposed on the Company’s sales to nonexempt customers.  The Company collects the taxes from customers and remits the entire amounts to the governmental authorities.  The Company’s accounting policy is to exclude the taxes collected and remitted from revenues and expenses.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Shipping and Handling</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Shipping and handling charges billed to customers are recorded as revenue.  Shipping and handling costs are recorded within cost of goods sold on the statement of operations.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Advertising<!--EFPlaceholder--></font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Advertising costs are expensed as incurred. Total advertising expenses were approximately $0 for 2010 and $1,600 in 2009.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Research and Development</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Research and development costs are charged to operations as incurred.  Research and development costs were approximately $10,000 and $71,000 in 2010 and 2009, respectively.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"><font style="display: inline; font-weight: bold;">Revenue Recognition</font> <font style="font-style: italic; display: inline; font-weight: bold;"> </font> We recognize revenue in accordance with the SEC’s Staff Accounting Bulletin No. 101, <font style="font-style: italic; display: inline;">Revenue Recognition in Financial Statements</font>, as amended by Staff Accounting Bulletin No. 104 (together, SAB 101), and ASC 605 <font style="font-style: italic; display: inline;">Revenue Recognition.<br /><br /></font></font><font style="display: inline; font-family: times new roman; font-size: 10pt;">Revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred, the fee is fixed and determinable and collectability is probable. Delivery is considered to have occurred upon either shipment of the product or arrival at its destination based on the shipping terms of the transaction. Our standard terms specify that shipment is FOB BioDrain and we will, therefore recognize revenue upon shipment in most cases. This revenue recognition policy applies to shipments of our FMS units as well as shipments of cleaning solution kits. When these conditions are satisfied, we recognize gross product revenue, which is the price we charge generally to our customers for a particular product.  Under our standard terms and conditions there is no provision for installation or acceptance of the product to take place prior to the obligation of the customer.  The Customer’s right of return is limited only to our standard warranty whereby we replace or repair, at our option, and it would be very rare that the unit or significant quantities of cleaning solution kits may be returned.  Additionally, since we buy both the FMS units and cleaning solution kits from “turnkey” suppliers we would have the right to replacements from the suppliers if this situation should occur.</font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Receivables</font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Receivables are reported at the amount the Company expects to collect on balances outstanding at year end. The Company has concluded there will be no losses on balances outstanding at year end.</font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Property and Equipment</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation of property and equipment is computed using the straight-line method over the estimated useful lives of the respective assets. Estimated useful asset life by classification is as follows:</font></div>
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<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">Years</font></font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Computers and office equipment</font></div>
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<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">3</font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Furniture and fixtures</font></div>
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<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">5</font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Upon retirement or sale, the cost and related accumulated depreciation are removed from the balance sheet and the resulting gain or loss is reflected in operations. Maintenance and repairs are charged to operations as incurred.</font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Intangible Assets</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Intangible assets consist of patent costs. These assets are not subject to amortization until the property patented is in production. The assets are reviewed for impairment annually, and impairment losses, if any, are charged to operations when identified. No impairment losses have been identified by management.</font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Income Taxes</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company accounts for income taxes in accordance with ASC 740- <font style="font-style: italic; display: inline;">Income Taxes(“ASC 740”)</font>. Under ASC 740, deferred tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and net operating loss and credit carry forwards using enacted tax rates in effect for the year in which the differences are expected to impact taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts expected to be realized.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company reviews income tax positions expected to be taken in income tax returns to determine if there are any income tax uncertainties. The Company recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by taxing authorities, based on technical merits of the positions. The Company has identified no income tax uncertainties.</font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Tax years subsequent to 2006 remain open to examination by federal and state tax authorities.</font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Patents and Intellectual Property</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company, in June 2008, completed and executed an agreement to secure exclusive ownership of the patent- from an inventor, Marshall Ryan. Mr. Ryan received a combination of cash and warrants, and he will receive a 4% royalty on FMS (the Product) sales for the life of the patent. At the signing of the agreement, Mr. Ryan received $75,000 in exchange for the exclusive assignment of the patent.  In addition, on June 30, 2009, Mr. Ryan, through his Mid-State Stainless, Inc. entity, was entitled to receive $100,000 as payment (currently recorded as an account payable with the Company) for past research and development activities.  Should Mr. Ryan be utilized in the future for additional product development activities, he will be compensated at a rate of ninety five dollars ($95.00) per hour.<br /><br /></font><font style="display: inline; font-family: times new roman; font-size: 10pt;">Mr. Ryan also received a warrant, with immediate vesting, to purchase 150,000 shares of our common stock at a price of $.35 per share.  The warrant has a term of five years, ending on June 30, 2013 and is assigned a value of $28,060 using a Black-Scholes formula and this amount was expensed as consulting expense in 2008 using a 5 year expected life, a 3.73% risk free interest rate, an expected 59% volatility and a zero dividend rate. Should there be a change in control of the Company (defined as greater than 50% of the Company’s outstanding stock or substantially all of its assets being transferred to one independent person or entity), Mr. Ryan will be owed a total of $2 million to be paid out over the life of the patent if the change in control occurs within 12 months of the first sale of the Product; or $1 million to be paid out over the life of the patent if the change in control occurs between 12 and 24 months of the first sale of the Product; or $500,000 to be paid out over the life of the patent if the change in control occurs between 24 and 36 months of the first sale of the Product. There will be no additional payment if a change in control occurs more than 36 months after the first sale of the Product.</font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Subsequent Events</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company has evaluated any subsequent events through the date of this filing.  The Company has raised $150,000 through the issuance of convertible debt and warrants and has also raised $543,000 through the sale of stock Units, including common stock and warrants, during the three months ended March 31, 2011.  The Company does not believe there are other subsequent events that require disclosure.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">NOTE 1 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Nature of Operations and Continuance of Operations</font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">BioDrain Medical, Inc. (the "Company") was incorporated under the laws of the State of Minnesota in 2002. The Company is developing an environmentally safe system for the collection and disposal of infectious fluids that result from surgical procedures and post-operative care.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The accompanying financial statements have been prepared assuming the Company will continue as a going concern. The Company has suffered recurring losses from operations and has a shareholders’ deficit. These factors raise substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.</font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Management hired an investment banker in 2010 to raise an additional $3-$5 million in new equity. The banker was unable to raise the expected $500,000 by September 30, 2010 and the balance within 3 months, but the Company raised approximately $229,000 in equity and $605,000 in convertible debt in 2010 and $992,000 in equity and $251,000 in convertible debt in 2011 through alternative means. Although the Company's ability to raise all of this new capital is in substantial doubt it did receive approximately $2,075,000 through private placements of equity and convertible debt in 2010 and 2011, and the Company's April 1, 2009 510(k) clearance from the FDA to authorize the Company to market and sell its FMS products is being received very positively. The Company engaged a new investment banker in May 2011 to raise approximately $2 million and if the Company is successful in raising at least $2 million in new equity it will have sufficient capital to operate its business and execute its business plan for at least the next 12 months. The Company currently has a commitment for $1 million in convertible debt from an institutional investor that is contingent upon raising an equal amount of equity prior to closing. The Company is continuing its efforts to raise at least $1 million in equity so that it can take advantage of the $1 million commitment from the institutional investor. If the Company raises the additional capital by issuing additional equity securities, its existing shareholders will likely experience substantial dilution.</font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Recent Accounting Developments</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">In the first quarter 2011 we adopted new guidance on separating consideration in multiple-deliverable arrangements. The guidance addresses how to determine whether an arrangement involving multiple deliverables contains more than one unit of accounting and how the consideration should be allocated among the separate units of accounting. The adoption of this guidance did not have a material impact on our financial statements.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">We reviewed all other significant newly issued accounting pronouncements and determined they are either not applicable to our business or that no material effect is expected on our financial position and results of our operations.<br /><br /></font><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Valuation of Intangible Assets</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">We review identifiable intangible assets for impairment in accordance with ASC 360-<font style="font-style: italic; display: inline;">Property Plant and Equipment</font> ("ASC 360"), whenever events or changes in circumstances indicate the carrying amount may not be recoverable. Our intangible assets are currently solely the costs of obtaining trademarks and patents. Events or changes in circumstances that indicate the carrying amount may not be recoverable include, but are not limited to, a significant change in the medical device marketplace and a significant adverse change in the business climate in which we operate. If such events or changes in circumstances are present, the undiscounted cash flows method is used to determine whether the intangible asset is impaired. Cash flows would include the estimated terminal value of the asset and exclude any interest charges. If the carrying value of the asset exceeds the undiscounted cash flows over the estimated remaining life of the asset, the asset is considered impaired, and the impairment is measured by reducing the carrying value of the asset to its fair value using the discounted cash flows method. The discount rate utilized is based on management's best estimate of the related risks and return at the time the impairment assessment is made.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Our accounting estimates and assumptions bear various risks of change, including the length of the current recession facing the United States, the expansion of the slowdown in consumer spending in the U.S. medical markets despite the early expressed opinions of financial experts that the medical market would not be as affected as other markets and failure to gain acceptance in the medical market.</font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Accounting Policies and Estimates</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Presentation of Taxes Collected from Customers</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Sales taxes are imposed on the Company’s sales to nonexempt customers. The Company collects the taxes from customers and remits the entire amounts to the governmental authorities. The Company’s accounting policy is to exclude the taxes collected and remitted from revenues and expenses.</font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Shipping and Handling</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Shipping and handling charges billed to customers are recorded as revenue. Shipping and handling costs are recorded within cost of goods sold on the statement of operations.</font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Advertising</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Advertising costs are expensed as incurred. There were no advertising expenses in the three months and nine months ended September 30, 2011 and September 30, 2010.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Research and Development</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Research and development costs are charged to operations as incurred. There were no research and development expenses in the three months and nine months ended September 30, 2011 and September 30, 2010.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Revenue Recognition</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company recognizes revenue in accordance with the SEC’s Staff Accounting Bulletin No. 101, <font style="font-style: italic; display: inline;">Revenue Recognition in Financial Statements</font>, as amended by Staff Accounting Bulletin No. 104 (together, SAB 101), and ASC 605-<font style="font-style: italic; display: inline;">Revenue Recognition.<br /><br /></font></font><font style="display: inline; font-family: times new roman; font-size: 10pt;">Revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred, the fee is fixed and determinable and collectability is probable. Delivery is considered to have occurred upon either shipment of the product or arrival at its destination based on the shipping terms of the transaction. The Company standard terms specify that shipment is FOB BioDrain and the Company will, therefore recognize revenue upon shipment in most cases. This revenue recognition policy applies to shipments of the FMS units as well as shipments of cleaning solution kits. When these conditions are satisfied, the Company recognizes gross product revenue, which is the price it charges generally to its customers for a particular product. Under the Company’s standard terms and conditions there is no provision for installation or acceptance of the product to take place prior to the obligation of the customer. The customer’s right of return is limited only to the Company’s standard warranty whereby the Company replaces or repairs, at its option, and it would be very rare that the unit or significant quantities of cleaning solution kits may be returned. Additionally, since the Company buys both the FMS units and cleaning solution kits from “turnkey” suppliers the Company would have the right to replacements from the suppliers if this situation should occur.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Receivables</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Receivables are reported at the amount the Company expects to collect on balances outstanding. The Company has determined there will be no losses on balances outstanding at September 30, 2011.<br /><br /></font><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Property and Equipment</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation of property and equipment is computed using the straight-line method over the estimated useful lives of the respective assets. Estimated useful asset life by classification is as follows:</font></div>
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<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">Years</font></font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Computers and office equipment</font></div>
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<td style="text-align: center; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">3</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Furniture and fixtures</font></div>
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<td style="text-align: center; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">5</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td>
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<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Upon retirement or sale, the cost and related accumulated depreciation are removed from the balance sheet and the resulting gain or loss is reflected in operations. Maintenance and repairs are charged to operations as incurred.</font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Intangible Assets</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Intangible assets consist of patent costs. These assets are not subject to amortization until the property patented is in production. The assets are reviewed for impairment annually, and impairment losses, if any, are charged to operations when identified. No impairment losses have been identified by management.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Income Taxes</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company accounts for income taxes in accordance with ASC 740- <font style="font-style: italic; display: inline;">Income Taxes(“ASC 740”)</font>. Under ASC 740, deferred tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and net operating loss and credit carry forwards using enacted tax rates in effect for the year in which the differences are expected to impact taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts expected to be realized.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company reviews income tax positions expected to be taken in income tax returns to determine if there are any income tax uncertainties. The Company recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by taxing authorities, based on technical merits of the positions. The Company has identified no income tax uncertainties.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Tax years subsequent to 2006 remain open to examination by federal and state tax authorities.</font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Patents and Intellectual Property</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company, in June 2008, completed and executed an agreement to secure exclusive ownership of the patent from an inventor, Marshall Ryan. Mr. Ryan received a combination of cash and warrants, and he will receive a 4% royalty on FMS (the Product) sales for the life of the patent. At the signing of the agreement, Mr. Ryan received $75,000 in exchange for the exclusive assignment of the patent. In addition, on June 30, 2009, Mr. Ryan, through his Mid-State Stainless, Inc. entity, was entitled to receive $100,000 as payment (currently recorded as an account payable with the Company) for past research and development activities. Should Mr. Ryan be utilized in the future for additional product development activities, he will be compensated at a rate of ninety five dollars ($95.00) per hour.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Mr. Ryan also received a warrant, with immediate vesting, to purchase 150,000 shares of the Company's common stock at a price of $.35 per share. The warrant has a term of five years, ending on June 30, 2013 and is assigned a value of $28,060 using a Black-Scholes formula and this amount was expensed as consulting expense in 2008 using a 5-year expected life, a 3.73% risk free interest rate, an expected 59% volatility and a zero dividend rate. Should there be a change in control of the Company (defined as greater than 50% of the Company’s outstanding stock or substantially all of its assets being transferred to one independent person or entity), Mr. Ryan will be owed a total of $2 million to be paid out over the life of the patent if the change in control occurs within 12 months of the first sale of the product; or $1 million to be paid out over the life of the patent if the change in control occurs between 12 and 24 months of the first sale of the product; or $500,000 to be paid out over the life of the patent if the change in control occurs between 24 and 36 months of the first sale of the product. There will be no additional payment if a change in control occurs more than 36 months after the first sale of the product.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Subsequent Events</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company has evaluated subsequent events through the date of this filing. The Company does not believe there are subsequent events that require disclosure.</font></div>
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<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Interim Financial Statements</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company has prepared the unaudited interim financial statements and related unaudited financial information in the footnotes in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial statements. These interim financial statements reflect all adjustments consisting of normal recurring accruals, which, in the opinion of management, are necessary to present fairly the Company’s financial position, the results of its operations and its cash flows for the interim periods. These interim financial statements should be read in conjunction with the annual financial statements and the notes thereto contained in the Form 10-K filed with the SEC on March 31, 2011. The nature of the Company’s business is such that the results of any interim period may not be indicative of the results to be expected for the entire year.</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">NOTE 2 – DEVELOPMENT STAGE OPERATIONS</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">The Company was formed April 23, 2002. Since inception to December 31, 2010, 14,002,290 shares have been issued between par value and $1.67.  Operations since incorporation have been devoted to raising capital, obtaining financing, development of the Company’s product, sales and marketing and administrative services.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">NOTE 2 – DEVELOPMENT STAGE OPERATIONS</font></div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company was formed April 23, 2002. Since inception through November 1, 2011, 30,427,328 shares of common stock have been issued between par value and $1.67. Operations since incorporation have primarily been devoted to raising capital, obtaining financing, development of the Company’s product, and administrative services.</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">NOTE 3 – STOCKHOLDERS’ DEFICIT, STOCK OPTIONS AND WARRANTS</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">In connection with the financing completed in October 2008, the Company has effected two reverse stock splits, one on June 6, 2008 and another on October 20, 2008. In accordance with SAB Topic 4C, all stock options and warrants and their related exercise prices are stated at their post-reverse stock split values.</font></div>
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<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">The Company has an equity incentive plan, which allows issuance of incentive and non-qualified stock options to employees, directors and consultants of the Company, where permitted under the plan. The exercise price for each stock option is determined by the board of directors. Vesting requirements are determined by the board of directors when granted and currently range from immediate to three years. Options under this plan have terms ranging from three to ten years. The Company will issue shares upon exercise of options, if any, and payment for the shares.</font></div>
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<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-style: italic; font-family: times new roman;">Accounting for share-based payment</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Effective January 1, 2006, we adopted ASC 718- <font style="display: inline; font-style: italic;">Compensation-Stock Compensation</font> (“ASC 718). Under ASC 718 stock-based employee compensation cost is recognized using the fair value based method for all new awards granted after January 1, 2006 and unvested awards outstanding at January 1, 2006. Compensation costs for unvested stock options and non-vested awards that were outstanding at January 1, 2006, are being recognized over the requisite service period based on the grant-date fair value of those options and awards as previously calculated under SFAS 123 for pro forma disclosures, using a straight-line method. We elected the modified-prospective method in under which prior periods are not retroactively restated.</font></div>
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<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">ASC 718 requires companies to estimate the fair value of stock-based payment awards on the date of grant using an option-pricing model or other acceptable means. We use the option valuation model which requires the input of significant assumptions including an estimate of the average period of time employees will retain vested stock options before exercising them, the estimated volatility of our common stock price over the expected term, the number of options that will ultimately be forfeited before completing vesting requirements, the expected dividend rate and the risk-free interest rate. Changes in the assumptions can materially affect the estimate of fair value of stock-based compensation and, consequently, the related expense recognized. The assumptions we use in calculating the fair value of stock-based payment awards represent our best estimates, which involve inherent uncertainties and the application of management's judgment. As a result, if factors change and we use different assumptions, our equity-based compensation expense could be materially different in the future.</font></div>
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<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Since our company stock has no significant public trading history, and we have experienced limited option exercises in our history, we were required to take an alternative approach to estimating future volatility and estimated life and the future results could vary significantly from our estimates.  We compiled historical volatilities over a period of 2-7 years of 15 small-cap medical companies traded on major exchanges and 10 medical companies in the middle of the size range on the OTC Bulletin Board and combined the results using a weighted average approach.  In the case of ordinary options to employees we determined the expected life to be the midpoint between the vesting term and the legal term.  In the case of options or warrants granted to non-employees we estimated the life to be the legal term unless there was a compelling reason to make it shorter.</font></div>
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<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">When an option or warrant is granted in place of cash compensation for services we deem the value of the service rendered to be the value of the option or warrant. In most cases, however, an option or warrant is granted in addition to other forms of compensation and its separate value is difficult to determine without utilizing an option pricing model. For that reason we also use the option valuation model to value options and warrants granted to non-employees, which requires the input of significant assumptions including an estimate of the average period the investors or consultants will retain vested stock options and warrants before exercising them, the estimated volatility of our common stock price over the expected term, the number of options and warrants  that will ultimately be forfeited before completing vesting requirements, the expected dividend rate and the risk-free interest rate. Changes in the assumptions can materially affect the estimate of fair value of stock-based consulting and/or compensation and, consequently, the related expense recognized.</font></div>
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<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Since we have no significant trading history in our stock and no first-hand experience with how
these investors and consultants have acted in similar circumstances, the assumptions we use in calculating the fair value of stock-based payment awards represent our best estimates, which involve inherent uncertainties and the application of management's judgment. As a result, if factors change and we use different assumptions, our equity-based consulting and interest expense could be materially different in the future.</font></div>
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<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-style: italic; font-family: times new roman;">Valuation and accounting for options and warrants</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">The Company determines the grant date fair value of options and warrants using a option valuation model based upon assumptions regarding risk-free interest rate, expected dividend rate, volatility and estimated term.  For grants during 2008 we used a 2.0 to 4.5% risk-free interest rate, 0% dividend rate, 53-66% volatility and estimated term of 2.5 to 7.5 years.  Values computed using these assumptions ranged from $.102 per share to $.336 per share.  Warrants or options awarded for services rendered are expensed over the period of service (normally the vesting period) as compensation expense for employees or an appropriate consulting expense category for awards to consultants and directors.  Warrants granted in connection with a common equity financing are included in stockholders’ equity, provided that there is no re-pricing provision that requires they be treated as a liability (See Note 10) and warrants granted in connections with a debt financing are treated as a debt discount and amortized using the interest method as interest expense over the term of the debt.  Warrants issued in connection with the $100,000 convertible debt, closed March 1, 2007, created a debt discount of $40,242 that is being amortized as additional interest over its 5 year term.  Warrants issued in connection with the $170,000 in convertible “bridge” debt, closed in July 2007, created a calculated debt discount of $92,700 that was fully expensed over its loan term that matured April 30, 2008.   The Company issued $100,000 in convertible debt in October 2009 and issued a warrant, in connection with the debt, for 200,000 shares at $.65 per share.  The Company determined that the warrant had an initial value of $30,150 that is treated as a debt discount and amortized as additional interest expense over the 24 month term of the note.  The value was determined using the Black-Scholes-Merton option valuation model with a 3 year expected life, a 54% expected volatility, a zero dividend rate and a 2.53% risk free interest rate. The company issued $598,800 in convertible notes in 2010 including $248,800 that also included warrants to buy common shares at a fixed price of $.20 to $.46 per share. The notes had an initial term of 18 months to 24 months and the company determined that the value of the warrants on the date of grant was approximately $138,000 using the Black-Scholes option valuation model. The value was determined using an expected warrant life of 3 years, a risk-free interest rate of .68% to 1.1% and a zero dividend rate. Approximately $32,000 was amortized as interest expense in 2010 related to these debt discounts.</font></div>
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<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">The following summarizes transactions for stock options and warrants for the periods indicated:</font></div>
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<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></div>
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<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">Stock Options (1)</font></div>
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<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">Warrants (1)</font></div>
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<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></div>
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<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Number of</font></font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Shares</font></font></div>
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style="padding-bottom: 2px;" valign="bottom"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Average</font></font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline; font-weight: bold;">Exercise</font><font style="display: inline;"> </font></font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline; font-weight: bold;">Price</font></font></div>
</td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Number of</font></font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Shares</font></font></div>
</td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Average</font></font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Exercise</font></font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Price</font></font></div>
</td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Outstanding at December 31, 2005</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">17,956</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.67</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">20,950</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2.62</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="52%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font
style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Issued</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">23,942</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">1.67</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">71,826</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">0.85</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="52%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom"
nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Outstanding at December 31, 2006</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">41,898</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.67</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">92,776</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.25</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="52%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Issued</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">5,984</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom"
nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">1.67</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">28,502</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">0.35</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="52%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Outstanding at December 31, 2007</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">47,882</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.67</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">121,278</font></td>
<td style="text-align: left;" valign="bottom"
nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.04</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="52%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Issued</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1,243,292</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.20</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">5,075,204</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.45</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Expired</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline;
font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">(11,971</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">)</font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">3.76</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Outstanding at December 31, 2008</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1,291,174</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.26</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">5,184,511</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.45</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="52%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new
roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Issued</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">205,000</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">0.37</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">2,188,302</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">0.65</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="52%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Outstanding at December 31, 2009</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new
roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1,496,174</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.27</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">7,372,813</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.49</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="52%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Issued</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2,210,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.17</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">3,435,662</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times
new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.34</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Expired</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">(207,956</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">)</font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.43</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">(8,979</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">)</font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.67</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Exercised</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">(128,571</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">)</font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">0.46</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="52%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt;
font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" style="padding-bottom: 4px;" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Outstanding at December 31, 2010</font></div>
</td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">3,498,218</font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.19</font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">10,670,925</font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.44</font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
</table>
</div>
<div style="display: block; text-indent: 0pt;"> </div>
<div>
<table align="center" style="font-size: 10pt; width: 100%; font-family: times new roman;" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td style="width: 16.2pt;">
<div><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></div>
</td>
<td style="width: 18pt;">
<div style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">(1)</font></div>
</td>
<td>
<div align="left"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Adjusted for the reverse stock splits in total at June 6, 2008 and October 20, 2008. </font></div>
</td>
</tr>
</table>
</div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">At December 31, 2010, 3,498,218 stock options are fully vested and currently exercisable with a weighted average exercise price of $.19 and a weighted average remaining term of 7.38 years. There are 10,670,925 warrants that are fully vested and exercisable. Stock based compensation recognized in the year ended December 31, 2010 was $172,489 and for the year ended December 31, 2009 was
$111,835.</font></div>
<div> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">The following summarizes the status of options and warrants outstanding at December 31, 2010:</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left">
<table style="font-size: 10pt; width: 100%; font-family: times new roman;" cellspacing="0" cellpadding="0">
<tr>
<td style="border-bottom: black 2px solid;" valign="bottom" nowrap="nowrap" width="13%" colspan="3">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Range of Exercise Prices</font></font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" nowrap="nowrap" width="13%" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Shares</font></font></div>
</td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" nowrap="nowrap" width="13%" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Weighted</font></font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Average</font></font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Remaining</font></font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Life</font></font></div>
</td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left;" valign="bottom" nowrap="nowrap" width="13%" colspan="2">
<div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Options</font></div>
</td>
<td style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" width="13%" colspan="2"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" width="13%" colspan="2"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.01</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">543,292</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">7.43</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.15</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt;
font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2,060,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">9.60</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.35</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">835,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2.59</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.50</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">30,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.37</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="padding-bottom: 2px; text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.67</font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">29,926</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px; text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.02</font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td style="padding-bottom: 2px; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left;" valign="bottom" nowrap="nowrap" width="13%" colspan="2">
<div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left;"><font style="display:
inline; font-size: 10pt; font-family: times new roman;">Total</font></div>
</td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">3,498,218</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px; text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left;" valign="bottom" nowrap="nowrap" width="13%" colspan="2">
<div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Warrants</font></div>
</td>
<td style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.01</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">200,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">4.94</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr
bgcolor="#ccffcc">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.02</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">71,826</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">3.45</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.10</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">800,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2.17</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.17</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">250,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">4.68</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.20</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">200,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2.98</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt;
font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.35</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">998,597</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.49</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.46</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">6,275,039</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.05</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.65</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1,839,550</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.67</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="padding-bottom: 2px; text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.67</font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">35,913</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px; text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.95</font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new
roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td style="padding-bottom: 4px; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left;" valign="bottom" nowrap="nowrap" width="13%" colspan="2">
<div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: left;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Total</font></div>
</td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">10,670,925</font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px; text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
</table>
</div>
<div style="display: block; text-indent: 0pt;"> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Stock options and warrants expire on various dates from June 2011 to November 2020.</font></div>
<div> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Under terms of our agreement with investors in the October 2008 financing 1,920,000 shares of common stock were the maximum number of shares allocated to our existing shareholders at the time of the offering (also referred to as the original shareholders or the Founders). Since the total of our fully diluted shares of common stock was greater than 1,920,000, in order for us to proceed with the offering, our board of directors approved a reverse stock split of 1-for-1.2545. After this split was approved, additional options and warrants were identified, requiring a second reverse stock split in order to reach the 1,920,000. The second reverse stock split on the reduced 1-for-1.2545 balance was determined to be 1-for-1.33176963. Taken together, if only one reverse stock were performed, the number would have been a reverse stock split of 1-for 1.670705.</font></div>
<div style="display: block; text-indent: 0pt;"> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">On June 6, 2008, the Board of Directors approved the first reverse stock split. The authorized number of common stock of 20,000,000 was proportionately divided by 1.2545 to 15,942,607.</font></div>
<div style="display: block; text-indent: 0pt;"> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">On October 20, 2008, the Board of Directors (i) approved the second reverse stock split pursuant to which the authorized number of shares of common stock of 15,942,607 was proportionately divided by 1.33177 to 11,970,994 and (ii) approved a resolution to increase the number of authorized shares of our common stock from 11,970,994 to 40,000,000, which was approved by the Company’s shareholders holding a majority of the shares entitled to vote thereon at a special meeting of shareholders held on December 3, 2008.</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">Stock, Stock Options and Warrants Granted by the Company</font></div>
<div style="display: block; text-indent: 0pt;"> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">The following table is the listing of stock options and warrants as of December 31, 2010 by year of grant:</font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left">
<table style="font-size: 10pt; width: 100%; font-family: times new roman;" cellspacing="0" cellpadding="0">
<tr>
<td align="left" valign="bottom">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Stock Options:</font></div>
</td>
<td valign="bottom"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="6"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr>
<td align="left" valign="bottom">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Year</font></div>
</td>
<td valign="bottom"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new
roman;">Shares</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Price</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2006</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">23,941</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.67</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2007</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">5,985</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">.35-1.67</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2008</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1,243,292</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">.01-.35</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2009</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">165,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">.35-.50</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2010</font></div>
</td>
<td style="padding-bottom:
2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">2,060,000</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">.15</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 4px;" valign="bottom" width="76%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">3,498,218</font></font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="padding-bottom: 4px; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">.01-1.67</font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Warrants:</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Year</font></div>
</td>
<td valign="bottom"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Shares</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Price</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2006</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">71,826</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom"
width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">.02-1.67</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2007</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">28,502</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">.35</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2008</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">4,946,633</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">.02-.46</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2009</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2,188,302</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">.35-.65</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2010</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">3,435,662</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">.01-.65</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 4px;" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new
roman;">Total</font></div>
</td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">10,670,925</font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="padding-bottom: 4px; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">.01-1.67</font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
</table>
</div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">NOTE 3 – STOCKHOLDERS’ DEFICIT, STOCK OPTIONS AND WARRANTS</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">In connection with the financing completed in October 2008, the Company has effected two reverse stock splits, one on June 6, 2008 and another on October 20, 2008. In accordance with SAB Topic 4C, all stock options and warrants and their related exercise prices are stated at their post-reverse stock split values.</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">The Company has an equity incentive plan, which allows issuance of incentive and non-qualified stock options to employees, directors and consultants of the Company, where permitted under the plan. The exercise price for each stock option is determined by the board of directors. Vesting requirements are determined by the board of directors when granted and currently range from immediate to three years. Options under this plan have terms ranging from three to ten years.</font></div>
<div> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-style: italic; font-family: times new roman;">Accounting for share-based payment</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">The Company has adopted ASC 718- <font style="display: inline; font-style: italic;">Compensation-Stock Compensation</font> ("ASC 718"). Under ASC 718 stock-based employee compensation cost is recognized using the fair value based method for all new awards granted after January 1, 2006 and unvested awards outstanding at January 1, 2006. Compensation costs for unvested stock options and non-vested awards that were outstanding at January 1, 2006, are being recognized over the requisite service period based on the grant-date fair value of those options and awards as previously calculated under SFAS 123 for pro forma disclosures, using a straight-line method. We elected the modified-prospective method under which prior periods are not retroactively restated.</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">ASC 718 requires companies to estimate the fair value of stock-based payment awards on the date of grant using an option-pricing model or other acceptable means. The Company uses the Black-Scholes option valuation model which requires the input of significant assumptions including an estimate of the average period of time employees will retain vested stock options before exercising them, the estimated volatility of the Company's common stock price over the expected term, the number of options that will ultimately be forfeited before completing vesting requirements, the expected dividend rate and the risk-free interest rate. Changes in the assumptions can materially affect the estimate of fair value of stock-based compensation and, consequently, the related expense recognized. The assumptions the Company uses in calculating the fair value of stock-based payment awards represent the Company's best estimates, which involve inherent uncertainties and the application of management's judgment. As a result, if factors change and the Company uses different assumptions, the Company's equity-based compensation expense could be materially different in the future.</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Since the Company's common stock has no significant public trading history, and the Company has experienced no significant option exercises in its history, the Company is required to take an alternative approach to estimating future volatility and estimated life and the future results could vary significantly from the Company's estimates. The Company compiled historical volatilities over a period of 2-7 years of 15 small-cap medical companies traded on major exchanges and 10 mid-range medical companies on the OTC Bulletin Board and combined the results using a weighted average approach. In the case of ordinary options to employees the Company determined the expected life to be the midpoint between the vesting term and the legal term. In the case of options or warrants granted to non-employees the Company estimated the life to be the legal term unless there was a compelling reason to make it shorter.</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">When an option or warrant is granted in place of cash compensation for services the Company deems the value of the service rendered to be the value of the option or warrant. In most cases, however, an option or warrant is granted in addition to other forms of compensation and its separate value is difficult to determine without utilizing an option pricing model. For that reason the Company also uses the Black-Scholes-Merton option-pricing model to value options and warrants granted to non-employees, which requires the input of
significant assumptions including an estimate of the average period the investors or consultants will retain vested stock options and warrants before exercising them, the estimated volatility of the Company's common stock price over the expected term, the number of options and warrants that will ultimately be forfeited before completing vesting requirements, the expected dividend rate and the risk-free interest rate. Changes in the assumptions can materially affect the estimate of fair value of stock-based consulting and/or compensation and, consequently, the related expense recognized.</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Since the Company has limited trading history in its stock and no first-hand experience with how its investors and consultants have acted in similar circumstances, the assumptions the Company uses in calculating the fair value of stock-based payment awards represent its best estimates, which involve inherent uncertainties and the application of management's judgment. As a result, if factors change and the Company uses different assumptions, the Company's equity-based consulting and interest expense could be materially different in the future.</font></div>
<div> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-style: italic; font-family: times new roman;">Valuation and accounting for options and warrants</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">The Company determines the grant date fair value of options and warrants using a Black-Scholes-Merton option valuation model based upon assumptions regarding risk-free interest rate, expected dividend rate, volatility and estimated term. For grants during 2008, the Company used a 2.0 to 4.5% risk-free interest rate, 0% dividend rate, 53-66% volatility and estimated term of 2.5 to 7.5 years. Values computed using these assumptions ranged from $.102 per share to $.336 per share. Warrants or options awarded for services rendered are expensed over the period of service (normally the vesting period) as compensation expense for employees or an appropriate consulting expense category for awards to consultants and directors. Warrants granted in connection with a common equity financing are included in shareholders’ equity, provided that there is no re-pricing provision that requires they be treated as a liability (See Note 10) and warrants granted in connection with a debt financing are treated as a debt discount and amortized using the interest method as interest expense over the term of the debt. Warrants issued in connection with the $100,000 convertible debt that closed March 1, 2007 created a debt discount of $40,242 that is being amortized as additional interest over its 5-year term.</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Warrants issued in connection with the $170,000 in convertible “bridge” debt that closed in July 2007 created a calculated debt discount of $92,700 that was fully expensed over its loan term that matured April 30, 2008. The Company issued $100,000 in convertible debt in October 2009 and issued a warrant, in connection with the debt, for 200,000 shares of common stock at $.65 per share. The Company determined that the warrant had an initial value of $30,150 that was treated as a debt discount and is being amortized as additional interest expense over the 24-month term of the note. The Company also issued $200,000 in convertible debt in June 2010 and issued a warrant, in connection with the debt, to purchase 1,111,112 shares at $.46 per share.</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">The Company determined that the value of the June 2010 warrant is $96,613.This value is treated as a debt discount and amortized as additional interest expense over the 22-month term of the note. The Company also issued $32,000 in convertible debt in September, 2010 and issued a warrant to purchase 320,000 shares at $.46 per share.  The Company determined that this warrant has a value of $15,553 that was treated as a debt discount and amortized as additional interest expense over the 18 month term of the note. In January, 2011 the Company issued three convertible notes of $50,000 each and also issued warrants to purchase 1,595,239 common shares at $.20 per share. The value of the warrants was determined to be $47,908 and this amount is being treated as a debt discount and amortized as additional interest expense over the 24 month term of the notes.</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">The following summarizes transactions for stock options and warrants for the periods indicated:</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left">
<table style="font-size: 10pt; width: 100%; font-family: times new roman;" cellspacing="0" cellpadding="0">
<tr>
<td align="left" valign="bottom">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></div>
</td>
<td valign="bottom"><font
style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="6">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">Stock Options (1)</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="6">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">Warrants (1)</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr>
<td align="left" valign="bottom">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></div>
</td>
<td valign="bottom"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">Number of</font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">Shares</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">Average</font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">Exercise</font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">Price</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">Number of</font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">Shares</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">Average</font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">Exercise</font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">Price</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Outstanding at December 31, 2005</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">17,956</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.67</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times
new roman;">20,950</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2.62</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="52%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Issued</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">23,942</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">1.67</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">71,826</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">0.85</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="52%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family:
times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Outstanding at December 31, 2006</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">41,898</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.67</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">92,776</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.25</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="52%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size:
10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Issued</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">5,984</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">1.67</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">28,502</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">0.35</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="52%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Outstanding at December 31, 2007</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times
new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">47,882</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.67</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">121,278</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.04</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="52%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Issued</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1,243,292</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.20</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">5,075,204</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times
new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.45</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Expired</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">(11,971</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">)</font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">3.76</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="52%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Outstanding at December 31, 2008</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font
style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1,291,174</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.26</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">5,184,511</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.45</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="52%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Issued</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">205,000</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">0.37</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new
roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">2,188,302</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">0.65</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="52%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Outstanding at December 31, 2009</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1,496,174</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.27</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">7,372,813</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.49</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="52%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td
style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Issued</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2,210,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.17</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">3,435,662</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.34</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Expired</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">(207,956</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">)</font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.43</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">(8,979</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">)</font></td>
<td valign="bottom" width="1%"><font style="display: inline;
font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.67</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Exercised</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">(128,571</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">)</font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">0.46</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="52%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Outstanding at December 31, 2010</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td
style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">3,498,218</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.19</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">10,670,925</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.44</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="52%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Issued</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2,483,334</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.01</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">16,821,508</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align:
left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.13</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Expired</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">(65,985</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">)</font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.47</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">(2,009,560</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">)</font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.46</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Exercised</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">(100,000</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">)</font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">0.01</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" style="padding-bottom: 4px;" valign="bottom" width="52%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Outstanding at September 30, 2011</font></div>
</td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font
style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">5,815,567</font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.11</font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">25,482,873</font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.23</font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
</table>
</div>
<div style="display: block; text-indent: 0pt;"> </div>
<div>
<table align="center" style="font-size: 10pt; width: 100%; font-family: times new roman;" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td style="width: 19.65pt;">
<div><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></div>
</td>
<td style="width: 27pt;">
<div style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">(1)</font></div>
</td>
<td>
<div align="left"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Adjusted for the reverse stock splits in total at June 6, 2008 and October 20, 2008.</font></div>
</td>
</tr>
</table>
</div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">At September 30, 2011, 4,818,657 stock options are fully vested and currently exercisable with a weighted average exercise price of $0.14 and a weighted average remaining term of 8.02 years. There are 25,482,873 warrants that are fully vested and exercisable. Stock based compensation recognized in the nine months ended September 30, 2011 was $265,393 and was $667,000 in the nine months ended September 30, 2010.</font></div>
<div> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">The following summarizes the status of options and warrants outstanding at September 30, 2011:</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left">
<table style="font-size: 10pt; width: 100%; font-family: times new roman;" cellspacing="0" cellpadding="0">
<tr>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" nowrap="nowrap" width="13%" colspan="3">
<div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: center;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Range of Exercise Prices</font></font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" nowrap="nowrap" width="13%" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Shares</font></font></div>
</td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" nowrap="nowrap" width="13%" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Weighted</font></font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Average</font></font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt;
font-family: times new roman;"><font style="display: inline;">Remaining</font></font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Life</font></font></div>
</td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" nowrap="nowrap" width="13%" colspan="2">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Options:</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" width="13%" colspan="2"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" width="13%" colspan="2"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.01</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2,926,626</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">9.22</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.15</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2,060,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">8.85</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.35</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">775,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.80</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"
width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.50</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">30,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.12</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="padding-bottom: 2px; text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.67</font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">23,941</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px; text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.37</font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" style="padding-bottom: 4px;" valign="bottom" nowrap="nowrap" width="13%" colspan="2">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Total</font></div>
</td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">5,815,567</font></font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px; text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline;
font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" nowrap="nowrap" width="13%" colspan="2">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Warrants:</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.01</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">200,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">4.19</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.02</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">71,826</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2.70</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.075</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">4,657,745</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display:
inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2.77</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.10</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2,328,572</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2.18</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.12</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">500,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2.59</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.13</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">631,429</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2.03</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.15</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">5,333,334</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom"
width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2.41</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.16</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">500,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2.52</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.17</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1,294,118</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2.51</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.18</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">200,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2.36</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.20</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2,445,239</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2.30</font></td>
<td
style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.25</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">562,500</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2.95</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.35</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">998,597</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.74</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.46</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">4,000,035</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.18</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.65</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1,729,550</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.91</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt;
font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="padding-bottom: 2px; text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.67</font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">29,928</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px; text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0.24</font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 4px;" valign="bottom" nowrap="nowrap" width="13%" colspan="2">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Total</font></div>
</td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="57%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">25,482,873</font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px; text-align: right;" valign="bottom" width="12%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
</table>
</div>
<div style="display: block; text-indent: 0pt;"> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Stock options and warrants expire on various dates from October 2011 to July 2021.</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Under the terms of the Company's agreement with investors in the October 2008 financing, 1,920,000 shares of common stock were the maximum number of shares allocated to the Company's existing shareholders at the time of the offering (also referred to as the original shareholders or the "Founders"). Since the total of the Company's fully diluted shares of common stock was greater than 1,920,000 shares, in order for the Company to proceed with the offering, the board of directors approved a reverse stock split of 1-for-1.2545. After this split was approved, additional options and warrants were identified, requiring a second reverse stock split in order to reach the 1,920,000 shares. The second reverse stock split on the reduced 1-for-1.2545 balance was determined to be 1-for 1.33176963. Taken together, if only one reverse stock were performed, the number would have been a reverse stock split of 1-for 1.670705.</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">On June 6, 2008, the board of directors approved the first reverse stock split. The authorized number of common stock of 20,000,000 shares was proportionately divided by 1.2545 to 15,942,607.</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">On October 20, 2008, the board of directors (i) approved the second reverse stock split pursuant to which the authorized number of shares of common stock of 15,942,607 was proportionately divided by 1.33177 to 11,970,994 shares and (ii) approved a resolution to increase the number of authorized shares of the Company's common stock from 11,970,994 to 40,000,000,
which was approved by the Company’s shareholders holding a majority of the shares entitled to vote thereon at a special meeting of shareholders held on December 3, 2008.</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">The shareholders approved an increase in authorized shares to 80 million shares in an annual shareholder meeting on June 22, 2010 and approved an increase in authorized shares to 200 million shares in a special shareholder meeting on September 7, 2011.</font></div>
<div> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">Stock, Stock Options and Warrants Granted by the Company</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">The following table is the listing of stock options and warrants as of September 30, 2011 by year of grant:</font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left">
<table style="font-size: 10pt; width: 100%; font-family: times new roman;" cellspacing="0" cellpadding="0">
<tr>
<td align="left" valign="bottom">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Stock Options:</font></div>
</td>
<td valign="bottom"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="6"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr>
<td align="left" style="padding-bottom: 2px;" valign="bottom">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Year</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Shares</font></font></div>
</td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Price</font></font></div>
</td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2006</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">17,956</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.67</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2007</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">5,985</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1.67</font></td>
<td style="text-align: left;"
valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2008</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1,243,292</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">.01-.35</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2009</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">105,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">.35</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2010</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2,060,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">.15</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2011</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">2,383,334</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">.01</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family:
times new roman;">5,815,567</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">.01-1.67</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Warrants:</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px;" valign="bottom">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Year</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Shares</font></font></div>
</td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">Price</font></font></div>
</td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2006</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">65,841</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">.02-1.67</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2007</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">28,502</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">.35</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block;
margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2008</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2,943,058</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">.02-.46</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2009</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2,188,302</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">.13-.65</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2010</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">3,435,662</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">.01-.65</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2011</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">16,821,508</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">.075-.25</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Total</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">25,482,873</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display:
inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">.01-1.67</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
</table>
</div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">NOTE 5 - LOSS PER SHARE</font></div>
<div style="display: block; text-indent: 0pt;"> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">The following table presents the shares used in the basic and diluted loss per common share computations:</font></div>
<div align="left">
<table style="font-size: 10pt; width: 100%; font-family: times new roman;" cellspacing="0" cellpadding="0">
<tr>
<td align="left" valign="bottom">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></div>
</td>
<td valign="bottom"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="2"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="2"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">From</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr>
<td align="left" valign="bottom">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></div>
</td>
<td valign="bottom"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="6">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">Twelve Months Ended</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">April 23, 2002</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr>
<td align="left" valign="bottom">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></div>
</td>
<td valign="bottom"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="6">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">December 31,</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">(Inception) To</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
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<td align="left" style="padding-bottom: 2px;" valign="bottom">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></div>
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<td style="padding-bottom: 2px;" valign="bottom"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">2010</font></font></div>
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<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">2009</font></font></div>
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<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
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style="padding-bottom: 2px;" valign="bottom"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">December 31, 2010</font></font></div>
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<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
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<td align="left" valign="bottom">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Numerator</font></div>
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<td valign="bottom"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="2"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="2"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" nowrap="nowrap" colspan="2"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="64%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Net Loss available in basic and diluted calculation</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1,352,709</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2,892,230</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">7,382,077</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="64%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="64%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Denominator</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom"
width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="64%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Weighted average common shares outstanding-basic</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">12,771,683</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">9,475,369</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">3,605,195</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="64%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="64%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Effect of dilutive stock options and warrants (1)</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">-</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">-</font></td>
<td
style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">-</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="64%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="64%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Weighted average common shares outstanding-diluted</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">12,771,683</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">9,475,369</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">3,605,195</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="64%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline;
font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" style="padding-bottom: 4px;" valign="bottom" width="64%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Loss per common share-basic and diluted</font></div>
</td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">0.11</font></font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">0.31</font></font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">2.05</font></font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
</table>
</div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">(1) The number of options and warrants outstanding as of December 31, 2010 and December 31, 2009 are 14,169,143 and 8,868,987 respectively. The effect of the shares that would be issued upon exercise has been excluded from the calculation of diluted loss per share because those shares are anti-dilutive.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">NOTE 4 - LOSS PER SHARE</font></div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The following table presents the shares used in the basic and diluted loss per common share computations:</font></div><div style="text-indent: 0pt; display: block;"> </div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="left"><table style="width: 100%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0"><tr><td valign="bottom" width="40%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="10%" colspan="2"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">From</font></div></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td></tr><tr><td valign="bottom" width="40%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: center;" valign="bottom" width="22%" colspan="6"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Three Months Ended</font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: center;" valign="bottom" width="22%" colspan="6"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Nine Months Ended</font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="10%" colspan="2"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">April 23, 2002</font></div></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td></tr><tr><td valign="bottom" width="40%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: center;" valign="bottom" width="22%" colspan="6"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">September 30,</font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: center;" valign="bottom" width="22%" colspan="6"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">September 30,</font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="10%" colspan="2"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">(Inception) To</font></div></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight:
bold;"> </font></td></tr><tr><td style="padding-bottom: 2px;" valign="bottom" width="40%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">2011</font></div></td><td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">2010</font></div></td><td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">2011</font></div></td><td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">2010</font></div></td><td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">September 30, 2011</font></div></td><td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td></tr><tr><td align="left" valign="bottom" width="40%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Numerator</font></div></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#d0ffd0"><td align="left" valign="bottom" width="40%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Net Loss available in basic and <font style="display: inline; font-family: times new roman; font-size: 10pt;">diluted calculation</font></font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">(654,114</font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font
style="display: inline; font-family: times new roman; font-size: 10pt;">)</font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">(158,110</font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;">)</font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">(1,518,933</font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;">)</font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">(956,180</font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;">)</font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">(8,901,010</font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;">)</font></td></tr><tr bgcolor="white"><td valign="bottom" width="40%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#d0ffd0"><td align="left" valign="bottom" width="40%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Denominator</font></div></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size:
10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="40%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Weighted average common shares </font>oustanding-basic</font></div></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">27,236,303</font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">13,159,639</font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">22,193,681</font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">12,428,401</font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">5,136,012</font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#d0ffd0"><td valign="bottom" width="40%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom"
width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="40%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Effect of dilutive stock options and </font>warrants (1)</font></div></div></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">-</font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">-</font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">-</font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">-</font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">-</font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#d0ffd0"><td align="left" valign="bottom" width="40%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size:
10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" style="padding-bottom: 2px;" valign="bottom" width="40%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Weighted average common shares </font>outstanding-diluted</font></div></div></td><td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">27,236,303</font></td><td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">13,159,639</font></td><td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">22,193,681</font></td><td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">12,428,401</font></td><td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">5,136,012</font></td><td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#d0ffd0"><td align="left" valign="bottom" width="40%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;"
valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td style="padding-bottom: 4px;" valign="bottom" width="40%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Loss per common share-basic </font>and diluted</font></font></div></div></td><td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">(0.02</font></td><td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;">)</font></td><td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">(0.01</font></td><td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;">)</font></td><td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">(0.07</font></td><td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;">)</font></td><td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">(0.08</font></td><td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;">)</font></td><td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">(1.73</font></td><td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;">)</font></td></tr></table></div></div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">(1) The number of shares underlying options and warrants outstanding as of September 30, 2011 and September 30, 2010 are 31,298,440 and 12,027,714, respectively. The effect of the shares that would be issued upon exercise of such options and warrants has been excluded from the calculation of diluted loss per share because those shares are anti-dilutive.</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">NOTE 6 – INCOME TAXES<br /><br /></font><font style="display: inline; font-size: 10pt; font-family: times new roman;">The provision for income taxes consists of an amount for taxes currently payable and a provision for tax consequences deferred to future periods.  Deferred income taxes are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases.  Deferred income tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.<br /><br /></font><font style="display: inline; font-size: 10pt; font-family: times new roman;">There is no income tax provision in the accompanying statement of operations due to the cumulative operating losses that indicate a 100% valuation allowance for the deferred tax assets and state income taxes is appropriate.<br /><br /></font><font style="display: inline; font-size: 10pt; font-family: times new roman;">Federal and state income tax return operating loss carryovers as of December 31, 2010, were approximately 6,768,000 and will begin to expire in 2017.<br /><br /></font><font style="display: inline; font-size: 10pt; font-family: times new roman;">The valuation allowance has been recorded due to the uncertainty of realization of the benefits associated with the net operating losses. Future events and changes in circumstances could cause this valuation allowance to change.<br /><br /></font><font style="display: inline; font-size: 10pt; font-family: times new roman;">The components of deferred income taxes at December, 2010 and December 31, 2009 are as follows:</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"> </div>
<div align="left">
<table style="width: 90%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0">
<tr>
<td align="left" valign="bottom" width="76%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="10%" colspan="2" nowrap="nowrap">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">December 31,</font></div>
</td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="10%" colspan="2" nowrap="nowrap">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline; font-weight: bold;">December 31</font>,</font></div>
</td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr>
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="76%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">2010</font></font></div>
</td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">2009</font></font></div>
</td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr>
<td align="left" valign="bottom" width="76%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="10%" colspan="2" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="10%" colspan="2" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Deferred Tax Asset:</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="10%" colspan="2" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="10%" colspan="2" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Net Operating Loss</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1,579,000</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1,278,000</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Other</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">56,000</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">0</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Total Deferred Tax Asset</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1,635,000</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1,278,000</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Less Valuation Allowance</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">1,635,000</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">1,278,000</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 4px;" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Net Deferred Income Taxes</font></div>
</td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">—</font></font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">—</font></font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
</table>
</div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">NOTE 5 – INCOME TAXES</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The provision for income taxes consists of an amount for taxes currently payable and a provision for tax consequences deferred to future periods. Deferred income taxes are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred income tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">There is no income tax provision in the accompanying statement of operations due to the cumulative operating losses that indicate a 100% valuation allowance for the deferred tax assets and state income taxes is appropriate.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Federal and state income tax return operating loss carryovers, as of September 30, 2011, were approximately $8,300,000 and will begin to expire in 2017.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The valuation allowance has been recorded due to the uncertainty of realization of the benefits associated with the net operating losses. Future events and changes in circumstances could cause this valuation allowance to change.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The components of deferred income taxes at September 30, 2011 and December 31, 2010 are as follows:<br /><br /></font></div>
<div align="left">
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0">
<tr>
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="76%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="left" style="padding-bottom: 2px;" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2">
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">September 30,</font></div>
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">2011</font></div>
</td>
<td align="left" style="padding-bottom: 2px;" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="left" style="padding-bottom: 2px;" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2">
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">December 31,</font></div>
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">2010</font></div>
</td>
<td align="left" style="padding-bottom: 2px;" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
</tr>
<tr>
<td align="left" valign="bottom" width="76%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="right" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td valign="bottom" width="10%" colspan="2">
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">(Unaudited)</font></div>
</td>
<td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="left" valign="bottom" width="10%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td>
<td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
</tr>
<tr>
<td align="left" valign="bottom" width="76%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Deferred Tax Asset:</font></div>
</td>
<td align="right" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="right" valign="bottom" width="10%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td>
<td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="left" valign="bottom" width="10%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td>
<td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
</tr>
<tr bgcolor="#d0ffd0">
<td align="left" valign="bottom" width="76%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Net Operating Loss</font></div>
</td>
<td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="left" valign="top" width="1%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></div>
</td>
<td align="right" valign="top" width="9%">
<div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">1,933,000</font></div>
</td>
<td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="right" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="left" valign="top" width="1%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></div>
</td>
<td align="right" valign="top" width="9%">
<div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">1,579,000</font></div>
</td>
<td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="76%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Other</font></div>
</td>
<td align="left" style="padding-bottom: 2px;" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="left" style="border-bottom: black 2px solid;" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="right" style="border-bottom: black 2px solid;" valign="top" width="9%">
<div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">48,000</font></div>
</td>
<td align="left" style="padding-bottom: 2px;" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="left" style="padding-bottom: 2px;" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="left" style="border-bottom: black 2px solid;" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="right" style="border-bottom: black 2px solid;" valign="top" width="9%">
<div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">56,000</font></div>
</td>
<td align="left" style="padding-bottom: 2px;" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
</tr>
<tr bgcolor="#d0ffd0">
<td align="left" valign="bottom" width="76%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Total Deferred Tax Asset</font></div>
</td>
<td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="right" valign="top" width="9%">
<div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">1,981,000</font></div>
</td>
<td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="right" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="right" valign="top" width="9%">
<div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">1,635,000</font></div>
</td>
<td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Less Valuation Allowance</font></div>
</td>
<td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="right" valign="top" width="9%">
<div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">
<div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">1,981,000</font></font></div>
</div>
</td>
<td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="right" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="right" valign="top" width="9%">
<div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">1,635,000</font></div>
</td>
<td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
</tr>
<tr bgcolor="#d0ffd0">
<td align="left" valign="bottom" width="76%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Net Deferred Income Taxes</font></div>
</td>
<td align="right" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="left" valign="top" width="1%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></div>
</td>
<td align="right" valign="top" width="9%">
<div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">—</font></div>
</td>
<td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="right" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
<td align="left" valign="top" width="1%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></div>
</td>
<td align="right" valign="top" width="9%">
<div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">—</font></div>
</td>
<td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td>
</tr>
</table>
</div>
<div><div style="text-indent:0pt;display:block;margin-left:0pt;margin-right:0pt;text-align:left;" ><font style="display:inline;font-family:times new roman;font-size:10pt;font-weight:bold;" >NOTE 6 - CONVERTIBLE DEBENTURE</font></div><div style="text-indent:0pt;display:block;margin-left:0pt;margin-right:0pt;text-align:left;" ><font style="display:inline;font-family:times new roman;font-size:10pt;" > </font></div><div style="text-indent:0pt;display:block;margin-left:0pt;margin-right:0pt;text-align:left;" ><font style="display:inline;font-family:times new roman;font-size:10pt;" >The Company issued a convertible debenture to Andcor Companies, Inc. (“Andcor”) with principal of $10,000 and interest at 10.25% that originally matured in 2007. The debenture is convertible into shares of the Company’s common stock at the lower of $0.90 per share or the price per share at which the next equity financing agreement is completed, and is now re-set to $.35 per share. The convertible debenture has not yet been paid, but the maturity of the note was extended, in May 2010, to March 31, 2012.</font></div></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">NOTE 7 – LONG-TERM DEBT</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Long-term debt is as follows:</font></div>
<div align="left">
<table style="font-size: 10pt; width: 100%; font-family: times new roman;" cellspacing="0" cellpadding="0">
<tr>
<td align="left" style="padding-bottom: 2px;" valign="bottom">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">September 30,</font></font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">2011</font></font></div>
</td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" nowrap="nowrap" colspan="2">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">December 31,</font></font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">2010</font></font></div>
</td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Note payable to bank in monthly installments of $1,275/including variable interest at 2% above the prevailing prime rate (3.25% at December 31, 2010). The final payment under the note was made in September 2011. The note was personally guaranteed by former executives of the Company.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">—</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">10,267</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Notes payable to two individuals, net of discounts of $3,353 and $9,390 with interest only payments at 12% to March 2012 when the remaining balance is payable. The notes are convertible into 285,715 shares of common stock in the Company at $.35 per share.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">96,647</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">90,610</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Note payable issued on October 26, 2009 to the parents of one the Company's officers, net of a discount of $1,054 and $12,360 discount, with interest at 8% to March 31, 2012 and convertible into shares of common stock at $.35 per
share.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">98,946</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">87,640</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Notes payable issued to two individuals in January 2010. The notes bear interest at 8%, mature March 31, 2012 and are convertible into shares of common stock, at 50% of the weighted average closing bid price over any 10 consecutive days of trading.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">100,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">100,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Note payable issued on June 12, 2010 to the parents of one of the Company's officers, net of a discount of $28,106 and $67,629. The note bears interest at 12% to March 31, 2012, and is convertible into common stock at $.18 per share.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">171,894</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">132,371</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Note payable issued on August 2, 2010 to an institutional investor. The note bears interest at 8%, matured May 4, 2011 and was convertible into common stock at 50% of the average of the three lowest closing prices in any 10 day trading period. $20,000 was converted in the three months ended March 31, 2011 and $30,000, plus accrued interest, was converted in the three months ended June 30, 2011.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">—</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">50,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Note payable issued on June 14, 2011 to an institutional investor.  The note bears interest at 8%, matures June 14, 2012 and is convertible into common stock at 55% of
the average of the five lowest closing prices in any 10 day trading period.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">63,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">—</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Note payable issued on July 12, 2011 to an institutional investor.  The note bears interest at 8%, matures April 16, 2012 and is convertible into common stock at 60% of the average of the five lowest closing prices in any 10 day trading period.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">37,500</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">—</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Note payable issued on September 16, 2010 to an institutional investor.  The note bears interest at 10%, matures March 15, 2012 and is convertible into common stock at $.18 per share.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">100,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">100,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Note payable issued on December 23, 2010 to the parents of one of our officers, net of a discount of $4,489 and $7,229.  The note bears interest at 12%, matures December 23, 2012 and is convertible into common stock at $.084 per share.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">12,311</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">9,571</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Note payable issued December 31, 2010 to a law firm that accepted this note in full payment of their past due legal fees.  The Note bears interest at 6%, matures December 31, 2014 and is convertible into common stock at $.15 per share.</font></div>
</td>
<td valign="bottom" width="1%"><font
style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">457,300</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">457,300</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Note payable issued on December 23, 2010 to a private investor. The Note matured April 30, 2011, is due on demand, and bears interest at 10%.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">6,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">6,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Note payable issued on September 21, 2010 to the parents of one of our officers, net of a discount of $4,925 and $12,702.  The note bears interest at 12%, matures December 23, 2012 and is convertible into common stock at $.18 per share.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">27,075</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">19,298</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Notes payable issued in January 2011 to three individuals, net of a debt discount of $30,393. The notes bear interest at 10%, have a 24 month term and are convertible into common stock at $0.084 to $0.10 per share.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">119,607</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">—</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Note payable issued January 1, 2011 to a law firm that accepted this note in full payment of their past due legal fees.  The Note bears interest at 6%, matures December 31, 2014 and is convertible into common stock at $.15 per share.</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;"
valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">89,300</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">—</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Total</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1,379,580</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1,063,056</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Less amount due within one year</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">673,987</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">66,267</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 4px;" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Long-Term Debt</font></div>
</td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">705,593</font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$ 996,789</font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
</table>
</div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Cash payments for interest were $208 for the nine months ended September 30, 2011 and $799 for the nine months ended September 30, 2010.</font></div>
<div align="left" style="display: block; margin-left: 0pt;
text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Principal payments required during the 12 month periods ended September 30:</font></div>
<div style="display: block; text-indent: 0pt;"> </div>
<div align="left">
<table style="font-size: 10pt; width: 100%; font-family: times new roman;" cellspacing="0" cellpadding="0">
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="88%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2012</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">716,500</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="88%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2013</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">48,800</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="88%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2014</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">150,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="88%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2015</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">546,600</font></td>
</tr>
</table>
</div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">NOTE 9 – RENT OBLIGATION</font></div>
<div style="display: block; text-indent: 0pt;"> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">The Company leases it principal office under a non-cancelable lease that extends 5 years. In addition to rent the Company also pays real estate taxes, repairs and maintenance on the leased property. Rent expense was $49,863 and $38,035 for 2010 and 2009, respectively.</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">The Company’s rent obligation for the years 2011 to 2015 is as follows:</font></div>
<div style="display: block; text-indent: 0pt;"> </div>
<div align="left">
<table style="font-size: 10pt; width: 90%; font-family: times new roman;" cellspacing="0" cellpadding="0">
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="88%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2011</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">30,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="88%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2012</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">31,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="88%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2013</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">26,000</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="88%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2014</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="88%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2015</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0</font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
</table>
</div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">NOTE 8 – RENT OBLIGATION</font></div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company leases its principal office under a non-cancelable lease that extends five years. In addition to rent, the Company pays real estate taxes and repairs and maintenance on the leased property. Rent expense was $24,293 in the nine months ended September 30, 2011 and $24,187 in the nine months ended September 30, 2010.</font></div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company’s rent obligation for the years 2011 to 2015 is as follows:</font></div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></div><div align="left"><table style="width: 100%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0"><tr bgcolor="#d0ffd0"><td align="left" valign="bottom" width="88%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2011</font></div></td><td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></div></td><td align="right" valign="top" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">30,000</font></div></td><td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="88%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2012</font></div></td><td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></div></td><td align="right" valign="top" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">31,000</font></div></td><td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr bgcolor="#d0ffd0"><td align="left" valign="bottom" width="88%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2013</font></div></td><td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></div></td><td align="right" valign="top" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">26,000</font></div></td><td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="88%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2014</font></div></td><td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></div></td><td align="right" valign="top" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">0</font></div></td><td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr bgcolor="#d0ffd0"><td align="left" valign="bottom" width="88%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2015</font></div></td><td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></div></td><td align="right" valign="top" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">0</font></div></td><td align="left" valign="top" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr></table></div>
<div><font size="2" style="font-family:times new roman,times">NOTE 10 – LIABILITY FOR EQUITY-LINKED FINANCIAL INSTRUMENTS</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font size="2" style="font-family:times new roman,times"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">The Company adopted ASC 815- <font style="font-style: italic; display: inline;">Derivatives and Hedging</font> (“ASC 815”) on January 1, 2009. ASC 815 mandates a two-step process for evaluating whether an equity-linked financial instrument or embedded feature is indexed to the entity's own stock. It is effective for fiscal years beginning after December 15, 2008, and interim periods within those fiscal years, which was the Company's first quarter of 2009. Most of the warrants issued by the Company contain a strike price adjustment feature, which upon adoption of ASC 815, changed the classification (from equity to liability) and the related accounting for warrants with a $479,910 estimated fair value of as of January 1, 2009. An adjustment was made to remove $486,564 from paid-in capital (the cumulative values of the warrants on their grant dates), a positive adjustment of $6,654 was made to accumulated deficit, representing the gain on valuation from the grant date to January 1, 2009, and booked $479,910 as a liability.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font size="2" style="font-family:times new roman,times"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">The January 1, 2009 valuation was computed using the Black-Scholes valuation model based upon a 2.5-year expected term, an expected volatility of 63%, an exercise price of $.46 per share, a stock price of $.35, a zero dividend rate and a 1.37% risk free interest rate. Subsequent to January 1, 2009 these warrants were revalued at the end of each quarter and a gain or loss was recorded based upon their increase or decrease in value during the quarter. Likewise, new warrants that were issued during 2009 and 2010 were valued, using the Black-Scholes valuation model on their date of grant and an entry was made to reduce paid-in capital and increase the liability for equity-linked financial instruments. These warrants were also re-valued at the end of each quarter based upon their expected life, the stock price, the exercise price, assumed dividend rate, expected volatility and risk free interest rate. A significant reduction in the liability was realized in 2010 primarily due to a reduction from $.50 to $.22 per share in the underlying share price.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font size="2" style="font-family:times new roman,times"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">The inputs to the Black-Scholes model during 2009 and 2010 were as follows:</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font size="2" style="font-family:times new roman,times"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </font></div>
<div align="left">
<table style="width: 80%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0">
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="72%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Stock price</font></div>
</td>
<td valign="bottom" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$</font></td>
<td style="text-align: right;" valign="bottom" width="22%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">.22 to $.50</font></td>
<td style="text-align: left;" valign="bottom" width="2%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="72%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Exercise price</font></div>
</td>
<td valign="bottom" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$</font></td>
<td style="text-align: right;" valign="bottom" width="22%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">.17 to $.65</font></td>
<td style="text-align: left;" valign="bottom" width="2%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="72%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Expected life</font></div>
</td>
<td valign="bottom" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="24%" colspan="2" nowrap="nowrap">
<div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">2.00 to 6.5 years</font></div>
</td>
<td style="text-align: left;" valign="bottom" width="2%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="72%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Expected volatility</font></div>
</td>
<td valign="bottom" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="24%" colspan="2" nowrap="nowrap">
<div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">59% to 67</font></div>
</td>
<td style="text-align: left;" valign="bottom" width="2%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">%</font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="72%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Assumed dividend rate</font></div>
</td>
<td valign="bottom" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="22%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">-</font></td>
<td style="text-align: left;" valign="bottom" width="2%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">%</font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="72%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Risk free interest rate</font></div>
</td>
<td valign="bottom" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="24%" colspan="2" nowrap="nowrap">
<div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">.710% to 2.97</font></div>
</td>
<td style="text-align: left;" valign="bottom" width="2%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">%</font></td>
</tr>
</table>
</div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font size="2" style="font-family:times new roman,times"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">The original valuations, annual gain/(loss) and end of year valuations are shown below:</font></div>
<div align="left">
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0">
<tr>
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="39%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">  </font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap">
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Initial Value</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap">
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">Annual</font></font></div>
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">Gain (Loss)</font></font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap">
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">Value at</font></font></div>
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">12/31/2009</font></font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap">
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">YTD 2010</font></font></div>
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">Gain</font></font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap">
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">Value at</font></font></div>
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">12/31/2010</font></font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="39%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">January 1, 2009 Adoption</font></div>
</td>
<td valign="bottom" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">479,910</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">(390,368</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">)</font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">870,278</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">868,772</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">1,506</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="39%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Warrants issued in quarter ended 6/30/2009</font></div>
</td>
<td valign="bottom" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">169,854</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">20,847</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">149,007</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">147,403</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">1,604</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="39%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Warrants issued in quarter ended 9/30/2009</font></div>
</td>
<td valign="bottom" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">39,743</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">(738</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">)</font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">40,481</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">40,419</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">62</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="39%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Warrants issued in quarter ended 12/31/2009</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">12,698</font></font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">617</font></font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">12,081</font></font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">12,053</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">28</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="39%">
<div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Subtotal</font></font></div>
</td>
<td valign="bottom" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">702,205</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">(369,642</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">)</font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">1,071,847</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="39%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Warrants issued in quarter ended 3/31/2010</font></div>
</td>
<td valign="bottom" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">25,553</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">25,014</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">539</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="39%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Warrants issued in quarter ended 6/30/2010</font></div>
</td>
<td valign="bottom" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">31,332</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">30,740</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">592</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="39%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Warrants issued in quarter ended 9/30/2010</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">31,506</font></font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">20,811</font></font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">10,615</font></font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="39%">
<div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Total</font></font></div>
</td>
<td valign="bottom" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">790,866</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">1,145,292</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">14,946</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
</table>
</div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;; font-family:times new roman,times" size="2">NOTE 9 – LIABILITY FOR EQUITY-LINKED FINANCIAL INSTRUMENTS</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font size="2" style="font-family:times new roman,times"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">The Company adopted ASC 815- <font style="font-style: italic; display: inline;">Derivatives and Hedging</font> (“ASC 815”) on January 1, 2009. ASC 815 mandates a two-step process for evaluating whether an equity-linked financial instrument or embedded feature is indexed to the entity's own stock. It is effective for fiscal years beginning after December 15, 2008, and interim periods within those fiscal years, which was the Company's first quarter of 2009. Many of the warrants issued by the Company contain a strike price adjustment feature, which upon adoption of ASC 815, changed the classification (from equity to liability) and the related accounting for warrants with a $479,910 estimated fair value of as of January 1, 2009. An adjustment was made to remove $486,564 from paid-in capital (the cumulative values of the warrants on their grant dates), a positive adjustment of $6,654 was made to accumulated deficit, representing the gain on valuation from the grant date to January 1, 2009, and booked $479,910 as a liability. The warrants issued in 2011 do not contain a strike price adjustment feature and, therefore, are not treated as a liability.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font size="2" style="font-family:times new roman,times"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">The January 1, 2009 valuation was computed using the Black-Scholes valuation model based upon a 2.5-year expected term, an expected volatility of 63%, an exercise price of $.46 per share, a stock price of $.35, a zero dividend rate and a 1.37% risk free interest rate. Subsequent to January 1, 2009 these warrants were revalued at the end of each quarter and a gain or loss was recorded based upon their increase or decrease in value during the quarter. Likewise, new warrants that were issued during 2009 and 2010 were valued, using the Black-Scholes valuation model on their date of grant and an entry was made to reduce paid-in capital and increase the liability for equity-linked financial instruments. These warrants were also re-valued at the end of each quarter based upon their expected life, the stock price, the exercise price, assumed dividend rate, expected volatility and risk free interest rate. A significant reduction in the liability was realized in 2010 primarily due to a reduction from $.50 to $.22 per share in the underlying share price. The Company realized a slight increase in the liability for existing warrants during the first quarter of 2011 primarily due to a reduction in the spread between the exercise price and the market price of the underlying shares, but this was more than offset by a decrease in the liability for new warrants that were issued during the quarter as a result of a reduction in the underlying market price of the stock.</font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font size="2" style="font-family:times new roman,times"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">The inputs to the Black-Scholes model during 2011 and 2010 were as follows:</font></div>
<div>
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0">
<tr bgcolor="#ccffcc">
<td align="left" valign="top" width="80%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Stock price</font></div>
</td>
<td align="left" valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="top" width="18%">
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$ .08 to $.50</font></div>
</td>
</tr>
<tr bgcolor="white">
<td align="left" valign="top" width="80%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Exercise price</font></div>
</td>
<td align="left" valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="top" width="18%">
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$ .01 to $.65</font></div>
</td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="top" width="80%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Expected life</font></div>
</td>
<td align="left" valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="top" width="18%">
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">2.00 to 6.5 years</font></div>
</td>
</tr>
<tr bgcolor="white">
<td align="left" valign="top" width="80%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Expected volatility</font></div>
</td>
<td align="left" valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="top" width="18%">
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">54% to 68 %</font></div>
</td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="top" width="80%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Assumed dividend rate</font></div>
</td>
<td align="left" valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="top" width="18%">
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">- %</font></div>
</td>
</tr>
<tr bgcolor="white">
<td align="left" valign="top" width="80%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Risk free interest rate</font></div>
</td>
<td align="left" valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="top" width="18%">
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">.13% to 2.97 %</font></div>
</td>
</tr>
</table>
</div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font size="2" style="font-family:times new roman,times"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font> </font></div>
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">The original valuations, annual gain/(loss) and end of year valuations are shown below:</font></div>
<div align="left">
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0">
<tr>
<td align="left" style="padding-bottom: 2px;" valign="bottom">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">  </font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" colspan="2" nowrap="nowrap">
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">Initial Value</font></font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" colspan="2" nowrap="nowrap">
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">2009</font></font></div>
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">Gain (Loss)</font></font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" colspan="2" nowrap="nowrap">
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">2010</font></font></div>
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">Gain(Loss)</font></font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" colspan="2" nowrap="nowrap">
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">YTD 2011</font></font></div>
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">Gain(Loss)</font></font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" colspan="2" nowrap="nowrap">
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">Value at</font></font></div>
<div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">9/30/2011</font></font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="40%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">January 1, 2009 Adoption</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">479,910</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">(390,368</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">)</font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">868,772</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">1,506</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">0</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="40%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Warrants issued in quarter ended 6/30/2009</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">169,854</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">20,847</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">149,007</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">(10,498</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">)</font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">12,101</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="40%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Warrants issued in quarter ended 9/30/2009</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">39,743</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">(738</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">)</font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">40,419</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">(2,902</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">)</font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">2,964</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="40%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Warrants issued in quarter ended 12/31/2009</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">12,698</font></font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">617</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">12.053</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">(1,068</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">)</font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">1,095</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="right" valign="bottom" width="40%">
<div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Subtotal</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">702,205</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="40%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Warrants issued in quarter ended 3/31/2010</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">25,553</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">25,014</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">(7,115</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">)</font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">7,654</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="40%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Warrants issued in quarter ended 6/30/2010</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">31,332</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">30,740</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">(7,677</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">)</font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">8,269</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="40%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Warrants issued in quarter ended 9/30/2010</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">31,506</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">20,811</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">(44,834</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">)</font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">55,449</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="40%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Warrants issued in quarter ended 3/31/2011</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">265,815</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">265,815</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">0</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="40%">
<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Warrants issued in quarter ended 6/30/2011</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">20,692</font></font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">20,692</font></font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">0</font></font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="40%">
<div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">Total</font></div>
</td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$</font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">1,077,104</font></font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">(369,642</font></font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">)</font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$</font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">1,145,292</font></font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$</font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">213,919</font></font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2">$</font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"><font style="display: inline;">87,533</font></font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:times new roman,times" size="2"> </font></td>
</tr>
</table>
</div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">NOTE 11 - RELATED PARTY</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">The Company entered into agreements, in 2008, with our Chairman of the Board Lawrence Gadbaw, and in 2009 with board member, Peter Morawetz, to pay Mr. Gadbaw $25,000 and Mr. Morawetz $30,000 upon the Company raising $3 million in new equity. Mr. Gadbaw will also be paid the balance, if any, due under his separation agreement from 2008. This amount was $46,000 upon signing the agreement in 2008, is payable at $2,000 per month, and $12,000 remains in accounts payable as of December 31, 2010. Mr. Morawetz will also receive a stock option for 75,000 shares at $.35 per share and Mr. Gadbaw will receive a stock option for 160,000 shares at $.35 per share upon the Company raising $3 million.</font></div>
<div><div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">NOTE 10 – RELATED PARTY </font></div><div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></div><div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company entered into agreements, in 2008, with our Chairman of the Board, Lawrence Gadbaw, and in 2009 with board member, Peter Morawetz, to pay Mr. Gadbaw $25,000 and Mr. Morawetz $30,000 upon the Company raising $3 million in new equity. Mr. Gadbaw will also be paid the balance, if any, due under his separation agreement from 2008. This amount was $46,000 upon signing the agreement in 2008, is payable at $2,000 per month, and $12,000 remains in accounts payable as of September 30, 2011. Mr. Morawetz will also receive a stock option for 75,000 shares at $.35 per share and Mr. Gadbaw will receive a stock option for 160,000 shares at $.35 per share upon the Company raising $3 million. </font></div></div>
355124
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">NOTE 4- RESTRICTED CASH IN ESCROW<br /><br /></font><font style="display: inline; font-size: 10pt; font-family: times new roman;">Under the terms of the escrow agreement established in connection with the October 2008 financing, certain amounts were to be withheld to pay legal, accounting and placement agent fees as well as to pay for investor relations activities that commenced upon receiving an effective registration of the Company’s stock and an initial quotation on the OTC Bulletin Board.<br /><br /></font><font style="display: inline; font-size: 10pt; font-family: times new roman;">During the fourth quarter of 2009, $60,000 was released to pay for investor relations activities. Additionally, $103,333 was released in 2010 to pay for investor relations and accounting expenses. There is no balance in the escrow account as of December 31, 2010.</font></div>
<div> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">NOTE 7 –NOTES PAYABLE</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">The Company issued a convertible debenture to Andcor Companies, Inc. (“Andcor”) with principal of $10,000 and interest at 10.25% that originally matured in 2007. The debenture is convertible into shares of the Company’s common stock at the lower of $0.90 per share or the price per share at which the next equity financing agreement is completed, and is now re-set to $.35 per share. The convertible debenture has not yet been paid, but the maturity of the note was extended, in May 2010, to March 31, 2012.</font></div>
(1) Founders shares, 1,000,000 pre-split(2) 23,492 (40,000 pre-split) shares valued at $.0167 per share as compensation for loan guarantees by management(5) Compensation for loan guarantees by management(3) Investment including 670 shares issued as a 10% finder's fee(4) For payment of patent legal fees(6) For vendor contractual consideration(7) Employment agreements(8) Investment(10) Investment, "October 2008 financing".(9) Conversion of convertible notes by management
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;">NOTE 8 – LONG-TERM AND CONVERTIBLE DEBT</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Long-term debt is as follows:</font></div>
<div align="left">
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0">
<tr>
<td align="left" style="padding-bottom: 2px;" valign="bottom">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">  </font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" colspan="2" nowrap="nowrap">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">December 31,</font></font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">2010</font></font></div>
</td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" colspan="2" nowrap="nowrap">
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">December 31,</font></font></div>
<div align="center" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">2009</font></font></div>
</td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" nowrap="nowrap"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Note payable to bank in monthly installments of $1,275/including variable interest at 2% above the prevailing prime rate (3.25% at December 31, 2010) to August 2011 when the remaining balance is payable. The note is personally guaranteed by former executives of the Company.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">10,267</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">24,601</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Notes payable to two individuals, net of discounts of $9,390 and $17,438 with interest only payments at 12% to March 2012 when the remaining balance is payable. The notes are convertible into 285,715 shares of common stock in the Company at $.35 per share.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">90,610</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">82,562</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Note payable issued on October 26, 2009 to the parents of one the Company's officers, net of a discount of $12,360 and $27,435 discount, with interest at 8% to March 31, 2012 and convertible into shares of common stock at $.35 per share.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">87,640</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">72,565</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Notes payable issued to two individuals in January, 2010. The notes bear interest at 8%, mature March 31, 2012 and are convertible into shares of common stock, at 50% of the weighted average closing bid price over any 10 consecutive days of trading.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">100,000</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">-</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Note payable issued on June 12, 2010 to the parents of one of the Company's officers, net of a discount of $67,629. The note bears interest at 12% to March 31, 2012, and is convertible into common stock at $.18 per share.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">132,371</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">-</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Note payable issued on August 2, 2010 to an institutional investor.  The note bears interest at 8%, matures May 4, 2011 and is convertible into common stock at 50% of the average of the three lowest closing prices in any 10 day trading period.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">50,000</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">-</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Note payable issued on September 16, 2010 to an institutional investor.  The note bears interest at 10%, matures March 15, 2012 and is convertible into common stock at $.18 per share.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">100,000</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">-</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Note payable issued on December 23, 2010 to the parents of one of our officers, net of a discount of $7,229.  The note bears interest at 12%, matures March 30, 2012 and is convertible into common stock at $.084 per share.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">9,571</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">-</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Note payable issued December 31, 2010 to a law firm that accepted this note in full payment of their past due legal fees.  The Note bears interest at 6%, matures December 31, 2014 and is convertible into common stock at $.15 per share.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">457,300</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">-</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Note payable issued on December 23, 2010 to a private investor. The Note matures April 30, 2011 and bears interest at 10%.</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">6,000</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">-</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Note payable issued on September 21, 2010 to the parents of one of our officers, net of a discount of $12,702.  The note bears interest at 12%, matures March 30, 2012 and is convertible into common stock at $.18 per share.</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">19,298</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">-</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Total</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">1,063,056</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">179,728</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Less amount due within one year</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">66,267</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">63,620</font></font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 4px;" valign="bottom" width="76%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Long-Term Debt</font></div>
</td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">996,789</font></font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"><font style="display: inline;">116,108</font></font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
</table>
</div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Cash payments for interest were $967 for the year ended December 31, 2010 and $1,718 for the year ended December 31, 2009.</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;"></font> </div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">Principal payments required during the years 2011 to 2015 are:</font></div>
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"> </div>
<div align="right">
<table style="width: 90%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0">
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="88%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2011 -</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">66,267</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="88%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2012 -</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">658,800</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="88%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2013 -</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="88%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2014 -</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">457,300</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
<tr bgcolor="#ccffcc">
<td align="left" valign="bottom" width="88%">
<div align="left" style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-size: 10pt; font-family: times new roman;">2015</font></div>
</td>
<td valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-size: 10pt; font-family: times new roman;">0</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td>
</tr>
</table>
</div>
52000
52000
0