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2010 Stock Option Plan Frank Waung (Details) (USD $) | Apr. 28, 2012
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2010 Stock Option Plan Frank Waung |
Vested and unexercised options | 185,000
Number of days opposed after the employment termination date | 90
Common shares granted. | 100,000
Recorded compensation expense | $ 55,775
Fair value of 185000 options cancelled | 225
Fair value of 100000 common shares exchanged | $ 56,000
Closing market price of common stock | $ 0.56
Starting risk free interest rate | 0.14%
Closing risk free interest rate | 0.19%
Expected dividend yield | 0.00%
Expected volatility | 66.70%
Minimum expected life | 0.5
Maximum expected life | 1.1
Number of options to purchase common stock granted | $ 50,000
Options exercise price | $ 2.54
Common stock shares granted | 50,000

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