XML 30 R29.htm IDEA: XBRL DOCUMENT

NOTE 10 - STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

The following table summarizes the activities for the warrants for the year ended December 31, 2012:

		Number of				Average
		Shares				Exercise Price
Warrants outstanding, December 31, 2011			1,000,000			$	2.40
Expired			(1,000,000	)		$	2.40
Warrants outstanding, December 31, 2012			-				-

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table summarizes the activities for the Company’s options for the year ended December 31, 2012:

		Options Outstanding
		Number of Shares				Weighted-Average Exercise Price				Weighted-Average Remaining Life (in years)
Balance at December 31, 2011			150,000			$	1.26				1.8
Cancelled			(125,000	)		$	1.47				1.8
Balance at December 31, 2012			25,000			$	0.23				1.5
Vested and exercisable as of December 31, 2012			25,000			$	0.23				1.5

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

The following table summarizes the activities for the Company’s unvested RSAs for the year ended December 31, 2012:

		Number of Shares				Weighted-Average Grant-Date Fair Value per share
Unvested at December 31, 2011			32,500			$	0.84
Granted			80,000			$	0.42
Vested			(72,500	)		$	0.61
Unvested at December 31, 2012			40,000			$	0.42

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References+ Details