| STOCK OPTIONS AND WARRANTS OUTSTANDING |
NOTE 6 - STOCK OPTIONS AND WARRANTS OUTSTANDING
The
following tables summarize information about the stock options and
warrants outstanding at June 30, 2011:
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|
OPTIONS
|
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WARRANTS
|
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TOTAL
|
|
|
WEIGHTED
AVERAGE
EXERCISE
PRICE
|
|
| |
|
|
|
|
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|
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Balance
at December 31, 2010
|
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|
12,834,750
|
|
|
|
1,871,600
|
|
|
|
14,706,350
|
|
|
$
|
0.21
|
|
|
Granted
|
|
|
3,673,000
|
|
|
|
—
|
|
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|
3,673,000
|
|
|
|
0.25
|
|
|
Exercised
|
|
|
4,673,000
|
|
|
|
—
|
|
|
|
4,673,000
|
|
|
|
0.08
|
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|
Expired/Forfeited
|
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|
—
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|
|
|
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|
|
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|
|
|
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|
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|
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|
BALANCE
AT June 30, 2011
|
|
|
11,834,750
|
|
|
|
1,871,600
|
|
|
|
13,706,350
|
|
|
|
0.23
|
|
|
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|
OPTIONS OUTSTANDING
|
|
|
EXERCISABLE
|
|
|
Range of
Exercise Price
|
|
Number
Outstanding
at
March 31,
2011
|
|
|
Weighted
Average
Remaining
Contractual Life
|
|
|
Weighted
Average
Exercise
Price
|
|
|
Number
Exercisable at
December 31,
2011
|
|
|
Weighted
Average
Exercise
Price
|
|
|
OPTIONS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.08
- 0.25
|
|
|
7,453,750
|
|
|
|
1.0
|
|
|
$
|
0.08
|
|
|
|
7,453,750
|
|
|
$
|
0.08
|
|
|
0.26-1.00
|
|
|
4,381,000
|
|
|
|
3.73
|
|
|
|
0.54
|
|
|
|
4,381,000
|
|
|
|
0.54
|
|
|
1.00-10.00
|
|
|
|
|
|
|
|
|
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|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
| |
|
|
11,834,750
|
|
|
|
|
|
|
|
|
|
|
|
11,834,750
|
|