v2.4.0.6

Consolidated Statements of Operations (USD $)	12 Months Ended		73 Months Ended
Consolidated Statements of Operations (USD $)	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011
Deferred fee revenue recognized on expiration of Aeromexico Software License Agreement	$ 1,000,000	$ 0	$ 1,000,000
Operating expenses
Salary and benefits	(1,401,840)	(2,029,886)	(18,206,482)
Outside services	(1,061,581)	(2,712,838)	(12,797,904)
Travel, meals and entertainment	(76,842)	(128,188)	(2,697,597)
Office and general expense	(147,120)	(1,025,650)	(5,142,387)
Total Expense	(2,687,383)	(5,896,562)	(38,844,370)
Depreciation and amortization	(87,167)	(186,546)	(1,192,469)
Stock-based compensation	(1,053,646)	(530,863)	(28,605,255)
Loss from impairment of property and equipment	201,193	0	201,193
Total Operating Expense	(4,029,379)	(6,613,971)	(68,843,277)
Loss from operations	(3,029,379)	(6,613,971)	(67,843,277)
Other income (expenses)
Fair value of series C preferred stock issued to Dynamic on September 15, 2011	(100,000)	0	(100,000)
Interest (expenses), including accretion of debt discounts of $349,813 in year ended December 31, 2011	868,379	303,976	4,509,699
Interest income	0	0	114,610
Gain on extinguishment of debt	54,437	0	54,437
Loss on termination of lease	(180,000)	0	(180,000)
Other income (expense)	(71,587)	(83,414)	(73,192)
Other income (expenses) -net	(1,165,529)	(387,389)	(4,693,844)
Net loss	$ (4,194,908)	$ (7,001,360)	$ (72,537,121)
Net loss per share attributable to common stockholders
Basic and fully diluted	$ (0.03)	$ (0.05)
Number of weighted average common shares outstanding basic and diluted	157,344,380	132,735,467

The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

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