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STOCK BASED COMPENSATION (Tables)
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3 Months Ended |
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Sep. 30, 2012
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| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
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| Schedule of Activity of Restricted Shares of Common Stock |
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Shares for Services
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Shares
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Weighted Average
Grant Date Fair Value
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Nonvested on Dec 31, 2011
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- |
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$ |
- |
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Granted (unaudited)
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540,000 |
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0.61 |
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Vested (unaudited)
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(415,000 |
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0.66 |
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Forfeited (unaudited)
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- |
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- |
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Nonvested on September 30, 2012 (unaudited)
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125,000 |
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$ |
0.47 |
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| Schedule of Warrants Outstanding and Common Stock Subject to Exercise |
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Employees
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Services
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Shares
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Weighted Average Exercise Price
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Shares
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Weighted Average
Exercise Price
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Outstanding and Exercisable at December 31, 2011
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- |
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$ |
- |
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250,000 |
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$ |
1.69 |
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Warrants granted (unaudited)
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- |
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- |
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- |
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- |
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Warrants exercised (unaudited)
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- |
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- |
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- |
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- |
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Warrants expired/cancelled (unaudited)
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- |
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- |
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- |
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- |
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Outstanding and Exercisable at September 30, 2012 (unaudited)
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- |
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$ |
- |
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250,000 |
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$ |
1.69 |
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| Schedule of Information about Stock Warrants Outstanding |
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Outstanding
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Exercisable
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Range of Exercise Price
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Number of
Shares
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Weighted Average
Exercise Price
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Weighted Average
Remaining Life
(Years)
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Number of
Shares
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Weighted Average
Exercise Price
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Weighted Average
Remaining Life
(Years)
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$1.52 -$1.80
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250,000 |
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$ |
1.69 |
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3.73 |
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250,000 |
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$ |
1.69 |
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3.73 |
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| Schedule of Stock Options Outstanding |
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Employees
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Options Outstanding
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Options Exercisable
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Shares
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Weighted Average
Exercise Price
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Shares
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Weighted Average
Exercise Price
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Outstanding at December 31, 2011
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1,315,556 |
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$ |
0.69 |
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787,778 |
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$ |
0.69 |
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Options granted (unaudited)
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525,000 |
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0.60 |
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525,000 |
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0.60 |
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Options vested (unaudited)
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- |
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- |
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165,926 |
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0.68 |
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Options exercised (unaudited)
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- |
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- |
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- |
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- |
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Options expired/cancelled (unaudited)
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- |
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- |
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- |
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- |
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Outstanding at September 30, 2012 (unaudited)
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1,840,556 |
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$ |
0.66 |
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1,478,704 |
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$ |
0.66 |
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| Schedule of Information about Stock Options Outstanding |
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Outstanding
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Exercisable
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Exercise Price
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Stock Options
Outstanding
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Weighted Average
Exercise Price
Per Share
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Weighted Average
Remaining Contractual
Term in Years
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Stock Options
Exercisable
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Weighted Average
Exercise Price
Per Share
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Weighted Average
Remaining Contractual
Term in Years
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$ 0.60
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525,000 |
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$ |
0.60 |
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9.61 |
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525,000 |
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$ |
0.60 |
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9.61 |
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$ 0.68
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1,305,556 |
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$ |
0.68 |
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8.50 |
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953,704 |
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$ |
0.68 |
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8.50 |
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$ 1.26
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10,000 |
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$ |
1.26 |
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7.45 |
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10,000 |
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$ |
1.26 |
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7.45 |
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