Stock Options and Warrants

6 Months Ended

Jun. 30, 2011

Stock Options and Warrants

(12) Stock Options and Warrants

Stock Options

In 2007, the Company adopted the Platinum Studios, Inc. 2007 Incentive Plan (the “Plan”). The options under the plan shall be granted from time to time by the Board of Directors. Individuals eligible to receive options include employees of the Company, consultants to the Company and directors of the Company. The options shall have a fixed price, which will not be less than 100% of the fair market value per share on the grant date. The total number of options authorized is 45,000,000.

During the six months ended June 30, 2011, the Company issued no options to purchase the Company’s common stock.  The aggregate value of the options vesting, net of forfeitures, during the six months ended June 30, 2011 and 2010 was $0 and $108,695, respectively and has been reflected as compensation cost. As of June 30, 2011, the aggregate value of unvested options was $4,560, which will be amortized as compensation cost as the options vest, over 8 months.

Additional information regarding options outstanding as of June 30, 2011 is as follows:

	Options Outstanding at June 30, 2011						Options Exercisable at June 30, 2011
Range of Exercise Price	Number of Shares Outstanding		Weighted Average Remaining Contractual Life (years)		Weighted Average Exercise Price		Number of Shares Exercisable		Weighted Average Exercise Price
$0.01 - $0.05		4,000,000		.76	$	0.05		4,000,000	$	0.05
$0.06 - $0.10		10,865,000		3.32	$	0.10		10,715,000	$	0.10
		14,865,000						14,715,000

The options had no intrinsic value as of June 30, 2011.

Stock Warrants

The following table summarizes the outstanding warrants to purchase Common Stock at June 30, 2011:

Number		Exercise Price		Expiration Dates
	25,000,000	$	0.0121	May 2019
	14,062,500	$	0.0121	June 2019
	40,000,000	$	0.0121	October 2020
	309,917,355	$	0.0121	October 2020
	388,979,855

As of June 30, 2011, the intrinsic value of the warrants outstanding was $3,072,941 based upon the trading price of the common shares as of that date.