Quarterly report pursuant to Section 13 or 15(d)

Note 13 - STOCK OPTIONS AND WARRANTS (Tables)

v2.4.0.8
Note 13 - STOCK OPTIONS AND WARRANTS (Tables)
 6 Months Ended
Jun. 30, 2013
Note 13 - Stock Options And Warrants Tables  
Changes in options outstanding and related prices for shares of Companys common stock issued to employees of Company under the 2012 Stock Option Plan

The following table summarizes the changes in options outstanding and the related prices for the shares of the Company’s common stock issued to employees of the Company under the 2012 Stock Option Plan:

 

Options Outstanding     Options Exercisable  

Exercise

Prices

    

Number

Outstanding

    

Weighted Average

Remaining Contractual

Life (Years)

    

Weighted Average

Exercise Price

    

Number

Exercisable

    

Weighted

Average

Exercise Price

  
$ 0.015       9,000,000       4.49     $ 0.015       9,000,000     $ 0.015  

Transactions involving stock options issued to employees

Transactions involving stock options issued to employees are summarized as follows:

 

   

Number of

Shares

    

Weighted Average

Exercise Price Per Share

  
Outstanding at January 1, 2012     -     $ -  
Granted     9,000,000       0.015  
Exercised     -       -  
Cancelled or expired     -       -  
Outstanding at December 31, 2012     9,000,000     $ 0.015  
Granted     -       -  
Exercised     -       -  
Expired     -       -  
Outstanding at June 30, 2013     9,000,000     $ 0.015  

Summary of changes in warrants outstanding and related prices

The following table summarizes the changes in warrants outstanding and the related prices for the shares of the Company’s common stock:

 

Warrants Outstanding     Options Exercisable  

Exercise

Prices

    

Number

Outstanding

    

Weighted Average

Remaining Contractual

Life (Years)

    

Weighted Average

Exercise Price

    

Number

Exercisable

    

Weighted

Average

Exercise Price

  
$ 1.00       425,000       4.76     $ 1.00       425,000     $ 1.00  
Summary of warrant activities

Transactions involving warrants are summarized as follows:

 

   

Number of

Shares

    

Weighted Average

Exercise Price Per Share

  
Outstanding at January 1, 2012     -     $ -  
Issued     -       -  
Exercised     -       -  
Cancelled or expired     -       -  
Outstanding at December 31, 2012     -     $ -  
Issued     425,000       1.00  
Exercised     -       -  
Expired     -       -  
Outstanding at June 30, 2013     425,000     $ 1.00