XML 49 R36.htm IDEA: XBRL DOCUMENT v2.4.0.6
STOCK PURCHASE WARRANTS AND OPTIONS (Tables)
12 Months Ended
Dec. 31, 2012
STOCK PURCHASE WARRANTS AND OPTIONS [Abstract]  
Schedule of Warrants Activity

Following is a summary of warrants outstanding:


                                 

 

 

For the Year Ended

 

 

 

December 31, 2012

 

 

December 31, 2011

 

 

 

Shares

 

 

Weighted

Avg

Exercise

Price

 

 

Shares

 

 

Weighted

Avg

Exercise

Price

 

Outstanding at beginning of period

 

 

3,300,000

 

 

$

0.14

 

 

 

-

 

 

 

-

 

Granted

 

 

4,470,000

 

 

$

0.09

 

 

 

3,300,000

 

 

$

0.14

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited

 

 

2,750,000

 

 

$

0.10

 

 

 

-

 

 

 

-

 

Expired

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Outstanding at end of period

 

 

5,020,000

 

 

$

0.09

 

 

 

3,300,000

 

 

$

0.14

 

Exercisable at end of period

 

 

5,020,000

 

 

$

0.09

 

 

 

3,300,000

 

 

$

0.14

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average grant date fair value

 

 

 

 

 

$

0.06

 

 

 

 

 

 

$

0.10

 

Weighted average remaining contractual term

 

 

 

 

 

 

3.96

 

 

 

 

 

 

 

4.03

 

Stock Option Activity

Following is a summary of options outstanding:

 

                                 

 

 

For the Year Ended

 

 

 

December 31, 2012

 

 

December 31, 2011

 

 

 

Shares

 

 

Weighted

Avg

Exercise

Price

 

 

Shares

 

 

Weighted

Avg

Exercise

Price

 

Outstanding at beginning of period

 

 

-

 

 

 

-

 

 

 

15,000,000

 

 

$

3.000

 

Granted

 

 

350,000

 

 

$

0.035

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Expired

 

 

-

 

 

 

-

 

 

 

15,000,000

 

 

$

3.000

 

Outstanding at end of period

 

 

350,000

 

 

$

0.035

 

 

 

-

 

 

 

-

 

Exercisable at end of period

 

 

100,000

 

 

$

0.035

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average grant date fair value

 

 

 

 

 

$

0.04

 

 

 

 

 

 

 

-

 

Weighted average remaining contractual term

 

 

 

 

 

 

4.59

 

 

 

 

 

 

 

-