Annual report pursuant to Section 13 and 15(d)

Stock Options and Warrants (Tables)

v2.4.0.6
Stock Options and Warrants (Tables)
12 Months Ended
Dec. 31, 2012
Tables/Schedules  
A Summary of The Status of Options and Compensation-based Warrants

A summary of the status of options and compensation-based warrants at December 31, 2012 and 2011, and changes during the years then ended is presented in the following table:

 

Weighted

 

Weighted

 

Average

 

Shares

 

Average

 

Remaining

 

Aggregate

 

Under

 

Exercise

 

Contractual

 

Intrinsic

 

Option

 

Price

 

Life

 

Value

 

Outstanding at December 31, 2010

 69,531,483

 $0.03

 5.1 years

 $450,970

 

  Granted

 7,350,000

 0.02

 

  Expired

 (2,150,000)

 0.06

 

Outstanding at December 31, 2011

 74,731,483

 $0.03

 4.7 years

 $192,033

 

Granted

 13,780,000

 0.01

 

Forfeited

 (4,550,000)

 0.04

 

Expired

 (15,353,000)

 0.05

 

 

 

 

Outstanding at December 31, 2012

 68,608,483

 0.02

 4.3 years

 -

 

 

 

 

Exercisable at December 31, 2012

 44,025,983

 0.03

3.2 years

 -  

Schedule of Stock Based Compensation, Warrants, Activity

                 

 Weighted

Weighted

 Shares

 Average

Average

Aggregate

 Under

 Exercise

Remaining

Intrinsic

 Warrant

 Price

Contractual Life

Value

Outstanding at December 31, 2010

26,475,662

0.01

2.75 years

$274,530

Issued

 -  

Exercised

(1,890,000)

$0.03

$18,900

Expired

 -  

Outstanding at December 31, 2011

24,585,662

$0.01

1.75 years

$457,550

Issued

 -  

 -  

Exercised

 - 

 -  

 $-  

Expired

 -  

 -  

Outstanding at December 31, 2012

24,585,662

$0.01

.75 years

$-