NOTE 10 - STOCK OPTIONS AND WARRANTS
Non Employee Stock Options
The following table summarizes the stock options outstanding and the related prices for the shares of the Company's common stock issued to non employees at September 30, 2012:
| |
|
|
Options Outstanding |
|
|
|
|
|
Options Exercisable |
|
| |
|
|
|
|
|
Weighted Average |
|
|
Weighted |
|
|
|
|
|
Weighted |
|
| |
|
|
|
|
|
Remaining |
|
|
Average |
|
|
|
|
|
Average |
|
| Exercise |
|
|
Number |
|
|
Contractual Life |
|
|
Exercise |
|
|
Number |
|
|
Exercise |
|
| Prices |
|
|
Outstanding |
|
|
(Years) |
|
|
Price |
|
|
Exercisable |
|
|
Price |
|
| $ |
3.00 |
|
|
|
100,000 |
|
|
|
0.25 |
|
|
$ |
3.00 |
|
|
|
100,000 |
|
|
$ |
3.00 |
|
Transactions involving stock options issued to non-employees are summarized as follows:
| |
|
Number of Shares |
|
|
Weighted Average Price Per Share |
|
| Outstanding at December 31, 2010: |
|
|
100,000 |
|
|
$ |
3.00 |
|
| Granted |
|
|
- |
|
|
|
- |
|
| Exercised |
|
|
- |
|
|
|
- |
|
| Expired |
|
|
- |
|
|
|
- |
|
| Outstanding at December 31, 2011: |
|
|
100,000 |
|
|
|
3.00 |
|
| Granted |
|
|
- |
|
|
|
- |
|
| Exercised |
|
|
- |
|
|
|
- |
|
| Expired |
|
|
- |
|
|
|
- |
|
| Outstanding at September 30, 2012: |
|
|
100,000 |
|
|
$ |
3.00 |
|
Warrants
The following table summarizes the warrants outstanding and the related prices for the shares of the Company's common stock issued at September 30, 2012:
| |
|
|
Warrants Outstanding |
|
|
|
|
|
Warrants Exercisable |
|
| |
|
|
|
|
|
Weighted Average |
|
|
Weighted |
|
|
|
|
|
Weighted |
|
| Prices |
|
|
Outstanding |
|
|
(Years) |
|
|
Price |
|
|
Exercisable |
|
|
Price |
|
| $ |
3.60 |
|
|
|
1,875,000 |
|
|
|
6.25 |
|
|
$ |
3.60 |
|
|
|
1,875,000 |
|
|
$ |
3.60 |
|
Transactions involving stock warrants issued to non employees are summarized as follows:
| |
|
Number of Shares |
|
|
Weighted Average Price Per Share |
|
| Outstanding at December 31, 2010: |
|
|
- |
|
|
|
- |
|
| Granted |
|
|
1,875,000 |
|
|
|
3.60 |
|
| Exercised |
|
|
- |
|
|
|
- |
|
| Expired |
|
|
- |
|
|
|
- |
|
| Outstanding at December 31, 2011: |
|
|
1,875,000 |
|
|
|
3.60 |
|
| Granted |
|
|
- |
|
|
|
- |
|
| Exercised |
|
|
- |
|
|
|
- |
|
| Expired |
|
|
- |
|
|
|
- |
|
| Outstanding at September 30, 2012: |
|
|
1,875,000 |
|
|
$ |
3.60 |
|
|