Quarterly report pursuant to Section 13 or 15(d)

Warrants [Tables]

v2.4.0.6
Warrants [Tables]
6 Months Ended
Jun. 30, 2012
Warrants [Abstract]  
Summary of warrant activities

A summary of warrant activities for the six month period ending June 30, 2012, and for the year ended December 31, 2011, is as follows:

 

                 
    Warrants     Weighted
Average
Price
 

Balance—December 31, 2010

    306,388     $ 19.14  

Granted

    —         —    

Exercised

    —         —    

Expired

    —         —    
   

 

 

   

 

 

 

Balance—December 31, 2011

    306,388       19.14  

Granted

    2,170,925       2.00  

Exercised

    —         —    

Expired

    —         —    
   

 

 

   

 

 

 

Balance—June 30, 2012

    2,477,313     $ 4.12  
   

 

 

   

 

 

 
Summary of warrants outstanding

The warrants outstanding as of June 30, 2012 are as follows:

 

                 

Exercise Price

  Warrants
Outstanding
    Expiration
Dates
 

$2.00

    2,170,925       3/23/15  

$6.00

    12,500       9/14/12  

$10.00

    5,000       4/15/14  

$15.00

    161,000       5/30/13  

$26.00

    127,888       5/30/13  
   

 

 

         
      2,477,313