XML 62 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
STOCKHOLDERS' DEFICIT, STOCK OPTIONS AND WARRANTS (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2012
Dec. 31, 2011
Stockholders' Equity Note [Abstract]    
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following summarizes transactions for stock options and warrants for the periods indicated:

 

  Stock Options (1)  Warrants (1) 
  

Number of

Shares

  

Average

Exercise

Price

  

Number of

Shares

  

Average

Exercise

Price

 
Outstanding at December 31, 2005  17,956  $1.67   20,950  $2.62 
                 
Issued  23,942   1.67   71,826   0.85 
                 
Outstanding at December 31, 2006  41,898   1.67   92,776   1.25 
                 
Issued  5,984   1.67   28,502   0.35 
                 
Outstanding at December 31, 2007  47,882   1.67   121,278   1.04 
                 
Issued  1,243,292   0.20   5,075,204   0.45 
Expired          (11,971)  3.76 
                 
Outstanding at December 31, 2008  1,291,174   0.26   5,184,511   0.45 
                 
Issued  205,000   0.37   2,188,302   0.65 
                 
Outstanding at December 31, 2009  1,496,174   0.27   7,372,813   0.49 
                 
Issued  2,210,000   0.17   3,435,662   0.34 
Expired  (207,956)  0.43   (8,979)  1.67 
Exercised          (128,571)  0.46 
                 
Outstanding at December 31, 2010  3,498,218   0.19   10,670,925   0.44 
                 
Issued  2,483,334   0.01   18,222,243   0.14 
Expired  (83,941)  0.73   (2,010,917)  0.48 
Exercised  (100,000)  0.01         
                 
Outstanding at December 31, 2011  5,797,611   0.11   26,882,251   0.23 
                 
Issued                        87,500                 0.20 
Expired          (382,716                0.01 (648,597                0.35 
Exercised                
                 
Outstanding at March 31, 2012           5,414,895                  0.12   26,321,154                 0.21 
                 
Issued                     2,601,285                 0.15 
Expired          (345,679               0.01             (1,170,000)                0.62 
Exercised          (412,963               0.01         
Outstanding at June 30, 2012       4,656,253  $             0.13            27,752,439  $              0.19 

  

(1)Adjusted for the reverse stock splits in total at June 6, 2008 and October 20, 2008.

The following summarizes transactions for stock options and warrants for the periods indicated:

 

    Stock Options (1)     Warrants (1)  
    Number of
Shares
    Average
Exercise
Price
    Number of
Shares
    Average
Exercise
Price
 
Outstanding at December 31, 2005     17,956     $ 1.67       20,950     $ 2.62  
                                 
Issued     23,942       1.67       71,826       0.85  
                                 
Outstanding at December 31, 2006     41,898       1.67       92,776       1.25  
                                 
Issued     5,984       1.67       28,502       0.35  
                                 
Outstanding at December 31, 2007     47,882       1.67       121,278       1.04  
                                 
Issued     1,243,292       0.20       5,075,204       0.45  
Expired                     (11,971 )     3.76  
                                 
Outstanding at December 31, 2008     1,291,174       0.26       5,184,511       0.45  
                                 
Issued     205,000       0.37       2,188,302       0.65  
                                 
Outstanding at December 31, 2009     1,496,174       0.27       7,372,813       0.49  
                                 
Issued     2,210,000       0.17       3,435,662       0.34  
Expired     (207,956 )     0.43       (8,979 )     1.67  
Exercised                     (128,571 )     0.46  
                                 
Outstanding at December 31, 2010     3,498,218       0.19       10,670,925       0.44  
                                 
Issued     2,483,334       0.01       18,222,243       0.14  
Expired     (83,941 )     0.73       (2,010,917 )     0.48  
Exercised     (100,000 )     0.01                  
Outstanding at December 31, 2011     5,797,611     $ 0.11       26,882,251     $ 0.23  

 

  (1) Adjusted for the reverse stock splits in total at June 6, 2008 and October 20, 2008.

 

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]

The following summarizes the status of options and warrants outstanding at June 30, 2012:

 

Range of Exercise Prices Shares  

Weighted

Average

Remaining

Life

 
Options:       
$0.01   1,785,268   3.82 
$0.15   2,060,000   1.88 
$0.35   775,000   0.87 
$0.50   30,000   0.37 
$1.67   5,985   0.37 
Total   4,656,253     
           
Warrants:         
$0.01   200,000   3.44 
$0.02   71,826   1.95 
$0.075   8,657,746   1.84 
$0.10   2,328,572   1.39 
$0.12   500,000   1.84 
$0.13   631,429   1.89 
$0.15   3,934,618   3.40 
$0.16   500,000   1.77 
$0.17   1,882,353   1.77 
$0.18   200,000   1.61 
$0.20   2,532,739   1.58 
$0.25   1,375,000   2.24 
$0.35   350,000   0.61 
$0.46   3,828,606   0.60 
$0.65   759,550   0.59 
Total   27,752,439     

 

Stock options and warrants expire on various dates from July 2012 to July 2021.

The following summarizes the status of options and warrants outstanding at December 31, 2011:

 

Range of Exercise Prices Shares     Weighted
Average
Remaining
Life
 
Options:                  
$ 0.01       2,926,626       8.97  
$ 0.15       2,060,000       8.60  
$ 0.35       775,000       1.55  
$ 0.50       30,000       0.87  
$ 1.67       5,985       0.87  
Total       5,797,611          
                     
Warrants:                  
$ 0.01       200,000       3.94  
$ 0.02       71,826       2.45  
$ 0.075       4,657,745       2.52  
$ 0.10       2,328,572       1.93  
$ 0.12       500,000       2.33  
$ 0.13       631,429       1.78  
$ 0.15       5,333,334       2.16  
$ 0.16       500,000       2.27  
$ 0.17       1,882,353       2.27  
$ 0.18       200,000       2.11  
$ 0.20       2,445,239       2.05  
$ 0.25       1,375,000       2.74  
$ 0.35       998,597       0.49  
$ 0.46       4,028,606       0.95  
$ 0.65       1,729,550       0.66  
Total       26,882,251          

 

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]

The following table is the listing of stock options and warrants as of June 30, 2012 by year of grant:

 

 Stock Options:          
 Year   Shares  Price 
 2007   5,985  $1.67 
 2008   1,243,292   .01-.35 
 2009   105,000   .35-.50 
 2010   2,060,000   .15 
 2011   1,241,976   .01 
 2012   -   - 
  Total   4,656,253  $.01-1.67 

 

 

 Warrants:         
 Year  Shares   Price 
 2006   35,913  $.02 
 2007   -   - 
 2008   2,771,629   .02-.46 
 2009   598,207   .13-.65 
 2010   3,435,662   .01-.65 
 2011   18,222,243   .075-.25 
 2012   2,688,785   .15-.20 
 Total   27,752,439  $.01-1.67

The following table is the listing of stock options and warrants as of December 31, 2011 by year of grant:

 

Stock Options:

Year   Shares     Price  
2006     -     $ -  
2007     5,985       1.67  
2008     1,243,292       .01-.35  
2009     105,000       .35-.50  
2010     2,060,000       .15  
2011     2,383,334       .01  
 Total     5,797,611     $ .01-1.67  

 

Warrants:            
Year   Shares     Price  
2006     35,913     $ .02  
2007     28,502       .35  
2008     2,971,629       .02-.46  
2009     2,188,302       .13-.65  
2010     3,435,662       .01-.65  
2011     18,222,243       .075-.25  
Total     26,882,251     $ .01-1.67