Share Structure
| (As of April 30, 2010) | $/Share | Proceeds | Shares |
| Founders | $277,340 | 10,799,997 | |
| Seed Financing |
.25 | $2,095,118 | 8,380,470 |
| April 2008 – PP | .40 | $1,250,000 | 2,556,512 |
| Sept. 2008 – IPO |
.25 | $2,500,000 | 10,200,000 |
| Dec. 2009 – PP |
.05 | $400,000 | 8,000,000 |
| April 2010 – PP | .15 | $896,929 | 5,979,530 |
|
Shares Outstanding |
.16 |
$7,419,387 | 45,896,509 |
| Warrants | .25 | Apr. 2010 – PP | 6,300,000 |
| .25 |
Finders Fees/ Warrants |
190,889 | |
| .15 |
Forced Exercise @ .25 |
4,000,000 | |
| Stock Options | .25 |
Founders & Employee Options |
2,525,000 |
| .15 |
Investor Relations & Marketing |
500,000 | |
| .25 |
Investor Relations & Marketing |
250,000 | |
| Fully Diluted Shares |
56,352,163 | ||
|
Adjusted Market Cap |
(@$0.15/share) | $6,900,000 | |
|
Fully Diluted Market Cap |
(@$0.15/share) | $8,500,000 | |