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STOCKHOLDERS EQUITY 2010 Stock Option Plan Frank Waung (Details) (USD $)
Apr. 28, 2012
Vested and unexercised options 185,000
Number of days opposed after the employment termination date 90
Common shares granted 100,000
Recorded compensation expense $ 55,775
Fair value of 185000 options cancelled 225
Fair value of 100000 common shares exchanged $ 56,000
Closing market price of common stock $ 0.56
Starting risk free interest rate 0.14%
Closing risk free interest rate 0.19%
Expected dividend yield 0.00%
Expected volatility 66.70%
Minimum expected life 0.5
Maximum expected life 1.1
Number of options to purchase common stock granted 25,000
Options exercise price $ 2.54
Common stock shares granted $ 50,000