v2.4.0.6
OPTIONS
 3 Months Ended
Mar. 31, 2012
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]  
OPTIONS
NOTE C – OPTIONS
 
Non-Employee Stock Options
 
The weighted average remaining contractual life of the options and warrants issued by the Company as of March 31, 2012 is set forth below:
 
Date of Issuance
  
Number of
Options/Warrants
    
Exercise Price
  
Contractual Life
  
Weighted
Average
Remaining
Contractual Life
(Years)
  
                     
October 22, 2010
     800,000     0.30  
5 years
     3.58  
      800,000                 3.58  
 
Transactions involving stock options issued are summarized as follows:
 
   
Number of
Shares
    
Weighted
Average
Price Per Share
  
Outstanding at December 31, 2011
    
800,300
    
$
0.30
  
     Granted
    
-
          
     Exercised
    
-
      
-
  
     Canceled or expired
    
300
    
$
500.00
  
Outstanding at March 31, 2012
    
800,000
    
$
0.30
  
 
Total stock-based compensation expense recognized by us for the three months ended March 31, 2012 and 2011 attributable to the issuance of options was $0 and $0, respectively.