Quarterly report pursuant to sections 13 or 15(d)

STOCK PURCHASE WARRANTS AND OPTIONS (Tables)

v2.4.0.8
STOCK PURCHASE WARRANTS AND OPTIONS (Tables)
9 Months Ended
Sep. 30, 2013
STOCK PURCHASE WARRANTS AND OPTIONS [Abstract]  
Schedule of Warrants Outstanding

Following is a summary of warrants for class A common shares outstanding:


                           

 

 

September 30, 2013

 

December 31, 2012

 

 

 

Shares

 

Weighted Avg

Exercise Price

 

Shares

 

Weighted Avg

Exercise Price

 

Outstanding at beginning of period

 

 

19,860,000

 

$

0.031

 

 

14,700,000

 

$

0.033

 

Granted

 

 

-

 

 

-

 

 

13,410,000

 

$

0.020

 

Exercised

 

 

-

 

 

-

 

 

-

 

 

-

 

Forfeited

 

 

-

 

 

-

 

 

8,250,000

 

$

0.031

 

Expired

 

 

-

 

 

-

 

 

-

 

 

-

 

Outstanding at end of period

 

 

19,860,000

 

 

0.031

 

 

19,860,000

 

$

0.031

 

Exercisable at end of period

 

 

19,860,000

 

 

0.031

 

 

19,860,000

 

$

0.031

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average grant date fair value

 

 

 

 

$

0.016

 

 

 

 

$

0.016

 

Weighted average remaining contractual term

 

 

 

 

 

3.02

 

 

 

 

 

3.77

 

Schedule of Stock Option Activity

Following is a summary of options outstanding:


                           

 

 

September 30, 2013

 

December 31, 2012

 

 

 

Shares

 

Weighted Avg

Exercise Price

 

Shares

 

Weighted Avg

Exercise Price

 

Outstanding at beginning of period

 

 

350,000

 

$

0.035

 

 

-

 

 

-

 

Granted

 

 

650,000

 

$

0.020

 

 

350,000

 

$

0.035

 

Exercised

 

 

-

 

 

-

 

 

-

 

 

-

 

Forfeited

 

 

-

 

 

-

 

 

-

 

 

-

 

Expired

 

 

-

 

 

-

 

 

-

 

 

-

 

Outstanding at end of period

 

 

1,000,000

 

$

0.030

 

 

350,000

 

$

0.035

 

Exercisable at end of period

 

 

100,000

 

$

0.035

 

 

100,000

 

$

0.035

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average grant date fair value

 

 

 

 

$

0.03

 

 

 

 

$

0.04

 

Weighted average remaining contractual term

 

 

 

 

 

4.11

 

 

 

 

 

4.59