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Note 7 - Private Placement of Common Shares and Related Warrants (Tables)
12 Months Ended
Dec. 31, 2012
Tables/Schedules  
Schedule of Stockholders' Equity Note, Warrants or Rights

 

 

Warrants

Weighted Average Exercise Price

Warrants outstanding, December 31, 2011

400,000

$0.60

Granted

426,000

1.50

Exercised

-

-

Forfeited

-

-

Warrants outstanding, December 31, 2012

826,000

$0.82

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

 

 

 

Risk-free interest rate

0.90%

Expected dividend yield

0.00%

Expected volatility

17.00%

Expected life

5 years

Weighted average calculated value of warrants granted

$0.04