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NOTE 19 – STOCK PURCHASE WARRANTS AND OPTIONS (Details Narrative) (USD $)
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9 Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
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Sep. 30, 2012
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Aug. 15, 2012
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May 11, 2012
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Feb. 24, 2012
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Jul. 18, 2011
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Jul. 15, 2011
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Jul. 14, 2011
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May 16, 2011
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Jan. 07, 2011
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Aug. 02, 2012
PresidentandCFOMember
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Aug. 02, 2012
NewChiefOperatingOfficerMember
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| Warrants issued | 1,250,000 | 275,000 | 1,250,000 | 1,250,000 | 1,250,000 | 250,000 | 500,000 | 50,000 | |||
| Divident rate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Volatility | 462.61 | 462.61 | 462.61 | 347.62 | 347.62 | 347.62 | 347.62 | 462.61 | 462.61 | ||
| Risk free interest rate | 0.00102 | 0.00096 | 0.0089 | 0.0146 | 0.0145 | 0.0151 | 0.0183 | 0.0061 | 0.0061 | ||
| Years of life | 5 years | 5 years | 5 years | 5 years | 5 years | 5 years | 5 years | 5 years | 5 years | ||
| Strike price | $ 0.10 | $ 0.10 | $ 0.10 | $ 0.10 | $ 0.10 | $ 0.10 | $ 0.10 | ||||
| Options issued | 250,000 | 100,000 | |||||||||
| Strike price - amended | $ 0.075 | ||||||||||
| Shares - Granted | 350,000 | ||||||||||
| Weigthed avg exercise price - Granted | $ 0.04 | ||||||||||
| Shares outstanding at end of period | 350,000 | ||||||||||
| Weigthed avg exercise price - outstanding at end of period | 0.04 | ||||||||||
| Shares exercisable at end of period | 58,333 | ||||||||||