Quarterly report pursuant to sections 13 or 15(d)

10. Stock Options (Tables)

v2.4.0.6
10. Stock Options (Tables)
 3 Months Ended
Mar. 31, 2013
Notes to Financial Statements  
Stock Option Plan

The following schedule summarizes the changes in the Company’s stock option plan for the three months ended March 31, 2013:

 

                Weighted           Weighted  
    Options Outstanding     Average           Average  
    Number     Exercise     Remaining     Aggregate     Exercise  
    of     Price     Contractual     Intrinsic     Price  
    Shares     per Share     Life     Value     per Share  
                                         
Balance at December 31, 2012     15,845,000     $ 0.06-0.55     3.55 years       –     $ 0.42  
Options Granted     –       –     –       –       –  
Options Exercised     –       –       –       –       –  
Options Expired     (120,000)       0.34-0.55       –       –       0.44  
Balance at March 31, 2013     15,725,000     $ 0.06-0.55     3.30 years       –     $ 0.42  
                                         
Exercisable March 31, 2013     13,925,000     $ 0.06-0.55     2.92 years       –     $ 0.41