Quarterly report pursuant to sections 13 or 15(d)

STOCK WARRANTS AND OPTIONS (Tables)

v2.4.0.6
STOCK WARRANTS AND OPTIONS (Tables)
 3 Months Ended
Mar. 31, 2013
Notes to Financial Statements  
SUMMARY OF CHANGES IN SHARE PURCHASE WARRANTS
    Common Stock Warrants   Weighted Average Exercise Price
  Outstanding – January 1, 2012       2,017,382     $ 0.43  
       Issued       —         —    
       Exercised       —         —    
       Expired       (686,429 )     0.40  
  Outstanding – December 31, 2012       1,330,953       0.45  
       Issued       —         —    
       Exercised       —         —    
       Expired       —         —    
  Outstanding – March 31, 2013       1,330,953     $ 0.45  
  Exercisable – March 31, 2013       —         —    
SUMMARY OF STOCK OPTIONS PRICING
    Options issued year ended
December 31, 2012
Dividend yield     0 %
Expected volatility     118 %
Risk free interest rate     0.33 %
Expected life (years)     3.00  
SUMMARY OF CHANGES IN STOCK OPTIONS
    Common Stock Options   Weighted Average Exercise Price
  Outstanding – January 1, 2012       615,000     $ 0.43  
       Issued       285,000       0.40  
       Exercised       —         —    
       Expired       (800,000 )     —    
  Outstanding – December 31, 2012       100,000       0.45  
       Issued       —         —    
       Exercised       —         —    
       Expired       —         —    
  Outstanding – March 31, 2013       100,000     $ 0.45  
  Exercisable – March 31, 2013       —         —