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width: 88%;">Dividend yield:</td> <td style="width: 1%;"></td> <td style="text-align: left; width: 1%;"></td> <td style="text-align: right; width: 9%;">-0-</td> <td style="text-align: left; width: 1%;">%</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: justify;">Volatility</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">299.97</td> <td style="text-align: left;">%</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify;">Risk free rate:</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">0.14</td> <td style="text-align: left;">%</td> </tr> </table> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <table style="font: 10pt/normal times new roman, times, serif; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal;" cellspacing="0" cellpadding="0"> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify; width: 88%;">Dividend yield:</td> <td style="width: 1%;"></td> <td style="text-align: left; width: 1%;"></td> <td style="text-align: right; width: 9%;">-0-</td> <td style="text-align: left; width: 1%;">%</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: justify;">Volatility</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">310.12</td> <td style="text-align: left;">%</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify;">Risk free rate:</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">0.14</td> <td style="text-align: left;">%</td> </tr> </table> 0.20 0.20 <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Transactions involving the Company&#8217;s employee option issuance are summarized as follows:</p> <p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <table style="font: 10pt/normal times new roman, times, serif; width: 90%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: justify;" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Average</td> <td nowrap="nowrap"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify;" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Number of</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Price</td> <td nowrap="nowrap"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify;" nowrap="nowrap"></td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">Shares</td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">Per Share</td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify;">Options outstanding at December 31, 2010</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;">$</td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: justify;">Granted</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify;">Exercised</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: justify; padding-bottom: 1pt;">Cancelled or expired</td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;">-</td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;">-</td> <td style="text-align: left; padding-bottom: 1pt;"></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify;">Options outstanding at December 31, 2011</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: justify; width: 76%;">Granted</td> <td style="width: 1%;"></td> <td style="text-align: left; width: 1%;"></td> <td style="text-align: right; width: 9%;">10,000,000</td> <td style="text-align: left; width: 1%;"></td> <td style="width: 1%;"></td> <td style="text-align: left; width: 1%;"></td> <td style="text-align: right; width: 9%;">0.92</td> <td style="text-align: left; width: 1%;"></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify;">Exercised</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: justify; padding-bottom: 1pt;">Cancelled or expired</td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;">-</td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;">-</td> <td style="text-align: left; padding-bottom: 1pt;"></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify;">Options outstanding at September 30, 2012</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">10,000,000</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;">$</td> <td style="text-align: right;">0.92</td> <td style="text-align: left;"></td> </tr> </table> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Transactions involving the Company&#8217;s non employee option issuance are summarized as follows:</p> <p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <table style="font: 10pt/normal times new roman, times, serif; width: 90%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: justify;" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Average</td> <td nowrap="nowrap"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify;" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Number of</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Price</td> <td nowrap="nowrap"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify;" nowrap="nowrap"></td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">Shares</td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">Per Share</td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify;">Options outstanding at December 31, 2010</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;">$</td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: justify;">Granted</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify;">Exercised</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: justify; padding-bottom: 1pt;">Cancelled or expired</td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;">-</td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;">-</td> <td style="text-align: left; padding-bottom: 1pt;"></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify;">Options outstanding at December 31, 2011</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: justify; width: 76%;">Granted</td> <td style="width: 1%;"></td> <td style="text-align: left; width: 1%;"></td> <td style="text-align: right; width: 9%;">1,000,000</td> <td style="text-align: left; width: 1%;"></td> <td style="width: 1%;"></td> <td style="text-align: left; width: 1%;"></td> <td style="text-align: right; width: 9%;">0.20</td> <td style="text-align: left; width: 1%;"></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify;">Exercised</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: justify; padding-bottom: 1pt;">Cancelled or expired</td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;">-</td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;">-</td> <td style="text-align: left; padding-bottom: 1pt;"></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify;">Options outstanding at September 30, 2012</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">1,000,000</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;">$</td> <td style="text-align: right;">0.20</td> <td style="text-align: left;"></td> </tr> </table> <p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">The following table summarizes the changes in non employee options outstanding and the related prices for the shares of the Company&#8217;s common stock at September 30, 2012:</p> <p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <table style="font: 10pt/normal times new roman, times, serif; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="10" nowrap="nowrap">Options Outstanding</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="6" nowrap="nowrap">Options Exercisable</td> <td nowrap="nowrap"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Weighted</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Average</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Weighted</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Weighted</td> <td nowrap="nowrap"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Remaining</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Average</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Average</td> <td nowrap="nowrap"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center;" colspan="2" nowrap="nowrap">Exercise</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Number</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Contractual</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Exercise</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Number</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Exercise</td> <td nowrap="nowrap"></td> </tr> <tr style="vertical-align: bottom;"> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">Price</td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">Outstanding</td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">Life (Years)</td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">Price</td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">Exercisable</td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">Price</td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 1%;">$</td> <td style="text-align: right; width: 14%;">0.20</td> <td style="text-align: left; width: 1%;"></td> <td style="width: 1%;"></td> <td style="text-align: left; width: 1%;"></td> <td style="text-align: right; width: 14%;">1,000,000</td> <td style="text-align: left; width: 1%;"></td> <td style="width: 1%;"></td> <td style="text-align: left; width: 1%;"></td> <td style="text-align: right; width: 14%;">1.96</td> <td style="text-align: left; width: 1%;"></td> <td style="width: 1%;"></td> <td style="text-align: left; width: 1%;">$</td> <td style="text-align: right; width: 14%;">0.20</td> <td style="text-align: left; width: 1%;"></td> <td style="width: 1%;"></td> <td style="text-align: left; width: 1%;"></td> <td style="text-align: right; width: 14%;">-</td> <td style="text-align: left; width: 1%;"></td> <td style="width: 1%;"></td> <td style="text-align: left; width: 1%;">$</td> <td style="text-align: right; width: 13%;">-</td> <td style="text-align: left; width: 1%;"></td> </tr> </table> <p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">The following table summarizes the changes in employee options outstanding and the related prices for the shares of the Company&#8217;s common stock at September 30, 2012:</p> <p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <table style="font: 10pt/normal times new roman, times, serif; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="10" nowrap="nowrap">Options Outstanding</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="6" nowrap="nowrap">Options Exercisable</td> <td nowrap="nowrap"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Weighted</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Average</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Weighted</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Weighted</td> <td nowrap="nowrap"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Remaining</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Average</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: justify;" colspan="2" nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Average</td> <td nowrap="nowrap"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center;" colspan="2" nowrap="nowrap">Exercise</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Number</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Contractual</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Exercise</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Number</td> <td nowrap="nowrap"></td> <td nowrap="nowrap"></td> <td style="text-align: center;" colspan="2" nowrap="nowrap">Exercise</td> <td nowrap="nowrap"></td> </tr> <tr style="vertical-align: bottom;"> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">Price</td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">Outstanding</td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">Life (Years)</td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">Price</td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">Exercisable</td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">Price</td> <td style="padding-bottom: 1pt;" nowrap="nowrap"></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 1%;">$</td> <td style="text-align: right; width: 14%;">0.20</td> <td style="text-align: left; width: 1%;"></td> <td style="width: 1%;"></td> <td style="text-align: left; width: 1%;"></td> <td style="text-align: right; width: 14%;">6,000,000</td> <td style="text-align: left; width: 1%;"></td> <td style="width: 1%;"></td> <td style="text-align: left; width: 1%;"></td> <td style="text-align: right; width: 14%;">9.96</td> <td style="text-align: left; width: 1%;"></td> <td style="width: 1%;"></td> <td style="text-align: left; width: 1%;">$</td> <td style="text-align: right; width: 14%;">0.20</td> <td style="text-align: left; width: 1%;"></td> <td style="width: 1%;"></td> <td style="text-align: left; width: 1%;"></td> <td style="text-align: right; width: 14%;">-</td> <td style="text-align: left; width: 1%;"></td> <td style="width: 1%;"></td> <td style="text-align: left; width: 1%;">$</td> <td style="text-align: right; width: 13%;">-</td> <td style="text-align: left; width: 1%;"></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;">2.00</td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;">4,000,000</td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;">4.96</td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;">2.00</td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;">-</td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;">-</td> <td style="text-align: left; padding-bottom: 1pt;"></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left;"></td> <td style="text-align: right;"></td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">10,000,000</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">7.96</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;">$</td> <td style="text-align: right;">0.92</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;">$</td> <td style="text-align: right;">-</td> <td style="text-align: left;"></td> </tr> </table> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The fair value for these awards was estimated using the Black-Scholes option-pricing model with the following weighted average assumptions, assuming no expected dividends:</p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <table style="font: 10pt/normal times new roman, times, serif; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal;" cellspacing="0" cellpadding="0"> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify;">Expected volatility</td> <td style="text-align: justify;"></td> <td style="text-align: justify;"></td> <td style="text-align: right;">433.11</td> <td style="text-align: justify; width: 2%;">%</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: justify;">Risk-free interest rate</td> <td style="text-align: justify;"></td> <td style="text-align: justify;"></td> <td style="text-align: right;">0.72% to 1.88</td> <td style="text-align: justify;">%</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify;">Dividend yield</td> <td style="text-align: justify;"></td> <td style="text-align: justify;"></td> <td style="text-align: right;">&#8212;</td> <td style="text-align: justify;">%</td> </tr> </table> 0.20 2.00 0.20 10000000 4000000 1000000 6000000 0 0 0 0 10000000 1000000 P7Y11M16D P9Y11M16D P4Y11M16D P1Y11M16D 0.92 2.00 0.20 0.20 0 0 0 0 0.92 0.20 0 0 0 0 0 0 0 0 0 0 10000000 10000000 1000000 1000000 0 0 0 0 0 0 0 0 0 0 0.92 0.20 0 0 0 0 0 0 0 0 4.3311 0.0072 0.0188 0.00 0.25 0.50 0.20 2.00 0.20 P4Y P2Y The Company's convertible debt can be convertible into the Company's common shares, at the holder's option, at the conversion rates of 50% discount to the lowest bid price of the Company's common shares during the ten-day period ending one trading day prior to the date of the conversion. 0.13 0.15 0 18922 0 0 150000 00014995012010-01-012010-12-31 2732500 00014995012011-01-012011-06-30 100000 400000 0 0 00014995012011-07-25 50000 750000 0.30 0.35 2209500 0.50 0.025 0.03 0001499501us-gaap:SubsequentEventMember2012-01-012012-09-30 500000 18992 2486