Quarterly report pursuant to Section 13 or 15(d)

Stock Options and Warrants

 v2.3.0.11
Stock Options and Warrants
6 Months Ended
Jun. 30, 2011
Notes to Financial Statements  
Stock Options and Warrants

Note 5 -- Stock Options and Warrants

 

Stock Options

 

Following is a summary of the stock option activity:

 

    Options Outstanding   Weighted Average Exercise Price
Outstanding as of December 31, 2010     13,934,651     $ 0.15  
Granted     1,527,778       0.11  
Forfeited     15,000       0.69  
Exercised     —         —    
Outstanding as of June 30, 2011     15,447,429     $ 0.11  

 

Warrants

 

Following is a summary of the warrant activity:

 

    Warrants Outstanding   Weighted Average Exercise Price
Outstanding as of December 31, 2010     80,041,252     $ 0.07  
Granted     6,882,500       0.13  
Forfeited     4,042,687       0.07  
Exercised     4,732,133       0.07  
Outstanding as of June 30, 2011     79,273,752     $ 0.08