Annual report pursuant to Section 13 and 15(d)

Stockholders' Deficit (Tables)

Stockholders' Deficit (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of warrants to purchase shares of common stock


Date Issued	Expiration Date	Exercise Price	Outstanding at December 31, 2012
12/18/2009	12/18/2014	$ 2.13	42
09/27/2010	09/27/2015	$ 0.87	288
03/15/2011	03/15/2017	$ 1.25	6,000
04/13/2012	04/13/2018	$ 1.15	6,517

			12,847

Schedule of common stock reserved for future issuance


Stock options outstanding			6,842
Shares issuable upon the exercise of warrants			12,847

			19,689

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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