v2.4.0.8
Common Stock (Tables)
12 Months Ended
Dec. 31, 2012
Preferred Stock and Common Stock [Abstract]  
Summary of transactions involving stock options issued
 
   
Options/Warrants
  
Weighted average
Exercise Price
 
Outstanding as of December 31, 2010
  800,480  $0.30 
Issued
  800,000  
0.167 to 0.40
 
Options exercised
  800,000  
0.167 to 0.40
 
Cancelled/Expired
  180  $500.00 
Outstanding as of December 31, 2011
  800,300  $0.30 
Issued
  -   - 
Exercised
  -   - 
Cancelled/Expired
  300   - 
Outstanding as of December 31, 2012
  800,000  $0.30
Summary of weighted-average significant assumptions used to determine fair value of options
 
2011
 
Significant assumptions (weighted-average):
 $0.30 
Risk-free interest rate at grant date
  0.72%
Expected stock price volatility
  56.03%
Expected dividend payout
  0%
Expected option life (in years)
 
3.8 years
 
 
2012
 
Significant assumptions (weighted-average):
 $0.30 
Risk-free interest rate at grant date
  0.69%
Expected stock price volatility
  22.79%
Expected dividend payout
  0%
Expected option life (in years)
 
2.8 years
 
      
Weighted average remaining contractual life of options and warrants
 
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
  2.8 
    800,000       2.8