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STOCKHOLDERS EQUITY (Tables)
6 Months Ended
Jun. 30, 2012
STOCKHOLDERS EQUITY [Abstract]  
Schedule of Options and Warrants Activity

 

         

 

 

Number of Options

and Warrants

 

Weighted Average

Exercise Price

Stock Options and Warrants

 

 

 

 

Balance at December 31, 2011

 

11,200,000

 

$0.22

Granted

 

4,700,000

 

$0.12

Exercised

 

-

 

-

Expired

 

-

 

-

Balance at June 30, 2012

 

15,900,000

 

$0.19

Options and Warrants Exercisable at June 30, 2012

 

3,218,500

 

$0.18

Weighted Average Fair Value of Options and Warrants Granted During the six months ended June 30, 2012

 

 

 

$0.12

 

Schedule of Options and Warrants, by Exercise Price Range

 

                     

 

 

2012 Options and Warrants Outstanding

 

Options and Warrants Exercisable

Range of

Exercise Price

 

Number

Outstanding at

June 30,

2012

 

Weighted

Average

Remaining

Contractual

 

Weighted

Average

Exercise

Price

 

Number

Exercisable at

June 30,

2012

 

Weighted

Average

Exercise

Price

$.07 to $.15

 

2,500,000

 

2.65

 

$0.07

 

18,500

 

$0.07

$.16 to $.26

 

13,400,000

 

2.58

 

$0.21

 

3,200,000

 

$0.19