During the six months ended June 30, 2012, the Company issued 10,930,004 shares of common stock in exchange for conversion of $2,732,501 of Convertible Notes.

During the six months ended June 30, 2012, the Company issued 1,294,726 shares of common stock upon exercise of warrants at an average price of $0.35 per share and valued at $458,500.

During the six months ended June 30, 2012, the Company issued 1,500,000 shares of common stock for consulting services at an average price of $0.35 per share and valued at $520,000.

During the six months ended June 30, 2012, the Company issued 18,334 shares of common stock upon exercise of options at $0.27 per share and valued at $4,950.