Quarterly report pursuant to sections 13 or 15(d)

10. Stock Options (Tables)

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10. Stock Options (Tables)
 9 Months Ended
Sep. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Option Plan

The following schedule summarizes the changes in the Company’s stock option plan for the nine months ended September 30, 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     4,100,000       0.20-0.44     4.63 years       –       0.20-0.44  
Options Exercised     –       –       –       –       –  
Options Expired     (8,390,000)         0.34-.055         –       –       0.44  
Balance at September 30, 2013     11,555,000     $ 0.06-0.55     4.99 years       –     $ 0.32  
                                         
Exercisable September 30, 2013     10,255,000     $ 0.06-0.55     5.06 years       –     $ 0.31