We incurred losses of $ 3,152,009 for the twelve months ended December 31, 2012, and $2,037,042 for the same period in 2011. Our accumulated deficit since our inception through December 31, 2012, amounts to $22,402,379. We issued 13,127,925 of common shares for services with an aggregate fair value of approximately $143,500 that was included in the $1,734,864 in general and administrative expenses for the twelve month period ended December 31, 2012. Excluding the value of the common shares of $143,500 from the general and administrative expenses of $ 1,734,864 would reduce the actual net G&A expenses to $ 1,591,364. We also incurred interest expenses of $ 1,933,323 . Excluding the value of the common stock that was issued for services, and interest expenses which together totaled $ 2,076,823 , would correspondingly reduce our net loss of $ 1,075,186 to an adjusted net loss of $ 1,075,186 for the period ending December 31, 2012. Based on an adjusted net loss of $ 1,075,186 , this loss equals only 2.13% of our total revenues of $ 50,513,644 for the period ended December 31, 2012, as compared to 1.97% for the same period ended 2011*.