Quarterly report pursuant to sections 13 or 15(d)

10. Stock Options (Tables)

v2.4.0.8
10. Stock Options (Tables)
 6 Months Ended
Jun. 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 six months ended June 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     4,000,000       0.20     5.00 years       -       0.20  
Options Exercised     -       -       -       -       -  
Options Expired     (8,370,000)       0.34-0.55       -       -       0.44  
Balance at June 30, 2013     11,475,000     $ 0.06-0.55     5.49 years       -     $ 0.32  
                                         
Exercisable June 30, 2013     10,175,000     $ 0.06-0.55     5.28 years       -     $ 0.31