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Summarizing Warrants Issued And Outstanding (Table) | 6 Months Ended | 12 Months Ended
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Jun. 30, 2012 | Dec. 31, 2011
Summarizing Warrants Issued And Outstanding |  |
Summarizing Warrants Issued And Outstanding | Stock-Based Compensation The Company records stock-based compensation in accordance with ASC 718, Compensation – Stock Compensation and ASC 505-50, Equity-Based Payments to Non-Employees. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. Equity instruments issued to employees and the cost of the services received as consideration are measured and recognized based on the fair value of the equity instruments issued. | Below is a table summarizing the warrants issued and outstanding as of December 31, 2011.
Date |  | Number |  | Exercise |  | Contractual |  | Expiration |  | Value if
Issued |  | Outstanding |  | Price |  | Life (Years) |  | Date |  | Exercised
12/31/10 |  | - |  | $ | - |  | - |  | - |  | $ | -
03/15/11 |  | 200,000 |  |  | 0.50 |  | 5 |  | 3/15/2016 |  |  | 100,000
03/24/11 |  | 100,000 |  |  | 0.50 |  | 5 |  | 3/24/2016 |  |  | 50,000
04/01/11 |  | 100,000 |  |  | 0.50 |  | 5 |  | 4/1/2016 |  |  | 50,000
06/21/11 |  | 100,000 |  |  | 0.50 |  | 5 |  | 6/21/2016 |  |  | 50,000
07/13/11 |  | 250,000 |  |  | 1.05 |  | 5 |  | 07/13/16 |  |  | 262,500
12/31/11 |  | 750,000 |  |  | 0.68 |  | - |  | - |  |  | 512,500

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- Definition Tabular disclosure of share-based compensation plans that may be presented in a single table for outstanding, vested and expected to vest, and exercisable awards. The information that may be disclosed in this table may include, but is not limited to, number of shares, weighted average exercise price, weighted average remaining contractual life, and aggregate intrinsic value. + References No definition available. + Details
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