Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Stock Options and Warrants (Tables)

v2.4.0.8
Note 5 - Stock Options and Warrants (Tables)
3 Months Ended
Mar. 31, 2013
Stock Options And Warrants Tables  
Summary of the stock option activity

 

    Options Outstanding     Weighted Average Exercise Price  
Outstanding as of December 31, 2012     40,090,980     $ 0.07  
Granted     -          
Forfeited     10,742,314       0.08  
Exercised     -       -  
Outstanding as of March 31, 2013     29,348,666     $ 0.06  

 

Summary of the warrant activity

 

    Warrants Outstanding     Weighted Average Exercise Price  
Outstanding as of December 31, 2012     635,764,298     $ 0.01  
Granted           -  
Forfeited     3,384,616       0.10  
Exercised     93,000,000       0.01  
Outstanding as of March 31, 2013     539,379,682     $ 0.01