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9. Stock Options and Warrants
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9 Months Ended |
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Sep. 30, 2012
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| Shareholders' Equity and Share-based Payments [Text Block] |
9. Stock
Options and Warrants
During
2010, 661,000 warrants were issued in conjunction with sales
of common stock. All warrants issued are
exercisable at $0.75 for the first year and $1.00 for the
second year. A total of 461,000 warrants expired
unexercised as of September 30, 2012. The aggregate intrinsic
value of the remaining 200,000 warrants was $0 and the
weighted average remaining life was 0.01 years as of
September 30, 2012.
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