Quarterly report pursuant to sections 13 or 15(d)

6. Stockholders' Equity (Tables)

6. Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2012
Stockholders Equity Tables  
Warrants valuation


The warrants were valued at $28,929, which was recorded as debt issuance costs, using a Black-Scholes calculation with the following assumptions:


Risk-free interest rate 0.73%
Expected life in years 5
Dividend yield 0
Expected volatility 63.65%