v2.4.0.6
Options
 9 Months Ended
Sep. 30, 2012
Options [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 September 30, 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
3.31

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 September 30, 2012
    
800,000
    
$
0.30