Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v2.4.0.6
Stockholders' Equity (Tables)
 6 Months Ended
Jun. 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
  
$
0.39
    
$
0.35
  
Risk-free interest rate
    
1.59
%
    
2.54 - 3.57
%
Volatility
    
98.00
%
    
77.45 - 117.62
%
Expected life (years)
    
10
      
10
  
 
Warrant [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of option 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 June 30,2012
    
28,642
      
0.02
      
0.02
  
                         
Warrants exercisable at June 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 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
    
$
0.31
  
   Options Granted
    
1,140,361
      
.39
      
.39
  
   Options Exercised
    
-
      
-
      
-
  
   Options Expired
    
-
      
-
      
-
  
Options Outstanding at June 30, 2012
    
3,703,476
    
$
0.02 - 0.85
    
$
                        0.31  
                         
 Options Exercisable at June 30, 2012
    
1,287,015
    
$
0.02 - 0.85
    
$
0.15