Annual report pursuant to Section 13 and 15(d)

Stockholders' (Deficit) (Tables)

v2.4.0.8
Stockholders' (Deficit) (Tables)
 12 Months Ended
Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Assumption of weighted average fair value of options granted
   
2013
    
2012
  
Weighted average fair value of options granted
  
$
0.08
    
$
0.26
  
Risk-free interest rate
    
2.88
%
    
 1.59
%
Volatility
    
98.0
%
    
98.0
%
Expected life (years)
    
10
      
10
  
Dividend yield
    
0.00
%
    
0.00
%
 
Employee Stock Option [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of option/warrant activity
 
 
Number of
Shares
 Under Options
    
Range of
Option Price
 Per Share
    
Weighted
 Average
 Exercise Price
  
Options Outstanding at January 1, 2012
    
2,563,115
    
$
0.02 - 0.36
    
$
0.14
  
   Options Granted
    
3,706,656
      
0.41 - 0.85
      
0.24
  
   Options Exercised
    
-
              
-
  
   Options Cancelled
    
(36,779
)
    
0.32
      
0.85
  
Options Outstanding at December 31, 2012
    
6,232,992
    
$ 
0.02 - 0.85
    
$ 
0.26
  
   Options Granted
    
828,568
      
0.15
      
0.15
  
   Options Exercised
    
-
      
-
      
-
  
   Options Cancelled
    
(140,477
)
    
0.35
      
0.35
  
Options Outstanding at December 31, 2013
    
6,921,084
    
$ 
0.02 - 0.85
    
$ 
0.24
  
                         
Options Exercisable at December 31, 2013
    
5,267,762
    
$ 
0.02 - 0.85
    
$ 
0.24
  
Warrant [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of option/warrant activity
   
Number of
Shares Under
Warrants
    
Range of
Warrants
Price
Per Share
    
Weighted
Average
Exercise Price
  
Warrants Outstanding at January 1, 2012
    
173,427
    
$
0.02
    
$
0.02
  
   Warrants Granted
    
-0-
      
-0-
      
-0-
  
   Warrants Exercised
    
144,785
      
0.01
      
0.01
  
   Warrants Cancelled
    
-0-
      
-0-
      
-0-
  
Warrants Outstanding at December 31, 2012
    
28,642
    
$
0.02
    
$
0.02
  
   Warrants Granted
    
133,334
      
0.01
      
0.01
  
   Warrants Exercised
    
-0-
      
-0-
      
-0-
  
   Warrants Expired
    
28,642
      
0.02
      
0.02
  
Warrants Outstanding at December 31, 2013
    
133,334
    
$ 
0.01
    
$ 
0.01
  
                         
Warrants exercisable at December 31, 2013
    
133,334
    
$ 
0.01
    
$ 
0.01
 
Summary of weighted average fair value of warrants granted and the assumptions used in the Black-Scholes model

 
2013
Weighted average fair value of warrants granted
$0.15
Risk free rate
1.59-1.89%
Volatility
98%
Expected life (years)
10
Dividend yield
$0.00