2.4.0.8106 - Disclosure - Stock Options and Warrantstruefalsefalse1false falsefalsefrom-2013-01-01-to-2013-06-30.771.0.0.0.0.0.0.0http://www.sec.gov/CIK0001037049duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Stock Options and Warrants [Abstract]2false 2us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div> <div> <table style="MARGIN-BOTTOM: 0pt; FONT: bold 10pt Times New Roman, Times, Serif; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> </td> <td style="WIDTH: 0.5in">6.</td> <td style="TEXT-ALIGN: justify">Stock Options and Warrants</td> </tr> </table>   In 2007, the Company's Board of Directors approved the 2007 Stock Option Plan (amended September 29, 2008) ("the Plan") to offer an incentive to obtain services of key employees, directors and consultants of the Company. The Plan provides for the reservation for awards of an aggregate of 10% of the total shares of Common Stock outstanding from time to time. No Plan participant may receive stock options exercisable for more than 2,500,000 shares of Common Stock in any one calendar year. Under the Plan, the exercise price of an incentive stock option must be at least equal to 100% of the fair market value of the common stock on the date of grant (110% of fair market value in the case of options granted to employees who hold more than 10% of the Company's capital stock on the date of grant). The term of stock options granted under the Plan is not to exceed ten years and the stock options vest immediately upon granting.   The following is a summary of stock option activity and status at June 30, 2013:   <table style="BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 40%"> Options Outstanding and Exercisable By Quarter </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 12%"> Stock Options # </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 16%"> Weighted Average Exercise Price $ </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 15%"> Remaining Contractual Life (years)  </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 17%"> Aggregate Intrinsic value  </td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,255,204)"> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> As at December 31, 2011</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 9,050,000</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 0.110</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 4.28</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 36,500</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> Forfeited during quarter</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> (200,000)</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 0.260</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204)"> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> Granted during quarter</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 1,600,000</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 0.050</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> As at March, 31, 2012</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 10,450,000</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 0.090</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 4.21</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 42,000</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204)"> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> Granted during quarter</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 200,000</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 0.065</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> As at June, 30, 2012</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 10,650,000</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 0.097</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 3.97</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 34,125</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204)"> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> Forfeited during quarter</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> (1,000,000)</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 0.260</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> Granted during quarter</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204)"> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> As at September 30, 2012</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 9,650,000</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 0.080</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 3.74</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 52,500</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> Forfeited during quarter</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204)"> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> Granted during quarter</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> As at Dec 31, 2012</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 9,650,000</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 0.080</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 3.51</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> Nil</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204)"> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> Forfeited during quarter</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> Granted during quarter</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204)"> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> As at March 31, 2013</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 9,650,000</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 0.080</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 3.28</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> Nil</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> Forfeited during quarter</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204)"> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> Granted during quarter</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> -</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> As at June 30, 2013</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 9,650,000</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 0.080</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> 3.06</td> <td style="COLOR: black; FONT-FAMILY: Times New Roman, Times, Serif; LAYOUT-GRID-MODE: both; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; VERTICAL-ALIGN: top"> Nil</td> </tr> </table>     The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value for all "in-the-money" options (i.e. the difference between the Company's closing stock price on the last trading day of the fiscal year and the exercise price, multiplied by the number of shares) that would have been received by the option holders had all option holders exercised their options as of each date presented.   The total fair value of options granted for the three months ended June 30, 2013 was nil (June 30, 2012: $11,979) and expensed in full as options were vested in full on grant. The fair value of options are determined using the Black Scholes option pricing model that takes into account the exercise price, the expected life of the option, the share price at grant date (January 13, 2012) and expected price volatility of the underlying share, the expected dividend yield (nil assumed) and the risk free interest rate (4.50% used) for the term of the option. Management determined 2.50 years to be the average expected likely life of the options and utilized the simplified method due to the fact that the Company has not had significant options granted to develop historical data to provide a reasonable basis to estimate option lives. Volatility rates were calculated at the grant date of each option tranche and rates of 120.89% respectively were used.   The total fair value of options granted during the three months ended March 31, 2012 was $43,681 (March 31, 2013: nil) and expensed in full as options were vested in full on grant. The fair value of options are determined using the Black Scholes option pricing model that takes into account the exercise price, the expected life of the option, the share price at grant date (April 10, 2012) and expected price volatility of the underlying share, the expected dividend yield (nil assumed) and the risk free interest rate (4.50% used) for the term of the option. Management determined 2.50 years to be the average expected likely life of the options and utilized the simplified method due to the fact that the Company has not had significant options granted to develop historical data to provide a reasonable basis to estimate option lives. Volatility rates were calculated at the grant date of the option tranche and a rate of 161.04% was used.   During the quarter ended March 31, 2012, Cameron Richardson departed the Company, an exercise notice for the 200,000 options held was not lodged and consequently the options lapsed during the quarter.   Effective January 13, 2012, the Company's board of directors granted 1,600,000 stock purchase options pursuant to the Company's 2007 Stock Option Plan. Each of the Options has an issue date, effective date and vesting date of January 13, 2012, with an exercise price of $0.05 per share. The term of these Options are five years. The Options are exercisable at any time from the grant date up to and including January 12,2017.   As of June 30, 2013, there are nil outstanding Warrants to purchase shares of common stock. All warrants previously outstanding lapsed on June 20, 2013. </div> </div>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 false0Stock Options and WarrantsfalseStock Options and WarrantsUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://aurora-gold.com/role/StockOptionsAndWarrants12