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WARRANTS
 12 Months Ended
Dec. 31, 2012
Warrants [Abstract]  
Warrants [Text Block]

NOTE 10:  WARRANTS

 

During the year ended December 31, 2012, there was no warrant activity. The following table summarizes warrants outstanding:

 

    Number of
Units		     Weighted-
Average
Exercise Price		     Weighted-
Average
Remaining
Contractual Term
(in years)		     Intrinsic
value		  
                         
Outstanding at December 31, 2011     1,722,628     $ 0.41       2.1     $ 64,136  
Grants     -       -                  
Forfeitures     -       -                  
Exercises     -       -                  
                                 
Outstanding at December 31, 2012     1,722,628     $ 0.41       1.1     $ 123,169  
                                 
Exerciseable at December 31, 2012     1,722,628     $ 0.41       1.1     $ 123,169  

 

All warrants have been fully expensed as of December 31, 2012. The following table sets forth exercise prices of outstanding warrants at December 31, 2012.

 

Exercise Price     Number of Shares  
$ 0.10       855,145  
$ 0.18       150,000  
$ 0.20       300,000  
$1.20-$1.30       417,483  
          1,722,628