Quarterly report pursuant to sections 13 or 15(d)

STOCK WARRANTS AND OPTIONS (Tables)

v2.4.0.8
STOCK WARRANTS AND OPTIONS (Tables)
 6 Months Ended
Jun. 30, 2013
Notes to Financial Statements  
Summary of Current Warrant Activity
  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     (714,286 )   0.40  
  Outstanding – June 30, 2013     616,667   $ 0.51  
  Exercisable – June 30, 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 Stock Option Activity

 

  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 – June 30, 2013     100,000   $ 0.45  
  Exercisable – June 30, 2013     —     —