Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v2.4.0.6
Stockholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Assumption of weighted average fair value of options granted
 
   
2012
    
2011
  
Weighted average fair value of options granted
  
$
0.35
    
$
0.41
  
Risk-free interest rate
    
1.59
%
    
2.20
%
Volatility
    
98.00
%
    
74.98
%
Expected life (years)
    
10
      
10
  
 
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
    
$
0.01-0.02
    
$
0.01
  
   Warrants Granted
    
-
      
-
      
-
  
   Warrants Exercised
    
(144,785)
      
0.01
      
0.01
  
   Warrants Cancelled
    
                  -
      
                  -
      
                  -
  
Warrants Outstanding at September 30,2012
    
        28,642
      
            0.02
      
            0.02
  
                         
Warrants exercisable at September 30, 2012
    
28,642
      
0.02
      
0.02
  
 
Stock Options [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 - 0.85     $ 0.28  
   Options Granted
     1,692,501       .34-.39       0.39  
   Options Exercised
     -       -       -  
   Options Expired
     (36,779 )       0.85       0.85  
Options Outstanding at September 30, 2012
     4,218,837     $ 0.02 - 0.85     $ 0.31  
                         
Options Exercisable at September 30, 2012
     2,741,638       0.02 - 0.85     $ 0.28