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Stockholders' Equity
3 Months Ended
Mar. 31, 2013
Equity [Abstract]  
Stockholders' Equity

Note 9 Stockholders’ Equity

 

(A) Common Stock Transactions

 

2013

 

As a result of the reverse merger (see Note 1) the Company had a deemed issuance of 800,000 shares of common stock.

 

(B) Options

 

The following is a summary of the Company’s option activity:

  

    Options     Weighted Average Exercise Price  
             
Outstanding – January 01, 2012       -     $ -  
Exercisable – January 01, 2012      -     $ -  
Granted       223,404     $ 1.00  
Exercised       -     $ -  
Forfeited/Cancelled       -     $ -  
Outstanding – December 31, 2012     223,404     $ 1.00  
Exercisable – December 31, 2012     223,404     $ 1.00  
Granted       -     $ -  
Exercised       -     $ -  
Forfeited/Cancelled       -     $ -  
Outstanding – March 31, 2013     223,404     $ 1.00  
Exercisable – March 31, 2013     223,404     $ 1.00  

 

Options Outstanding     Options Exercisable
                             
 

Range of

exercise

price

     

Number

Outstanding

    Weighted Average
Remaining
Contractual Life (in
years)
   

Weighted

Average

Exercise Price

    Number
Exercisable
   

Weighted

Average

Exercise Price

 
$ 1.00       223,404     3.93 years   $ 1.00     223,404   $ 1.00  

 

At March 31, 2013 and December 31, 2012, the total intrinsic value of options outstanding and exercisable was $0.

  

(C) Warrants

 

The following is a summary of the Company’s warrant activity:

 

    Warrants     Weighted Average Exercise Price  
             
Outstanding – January 01, 2012       -     $ -  
Exercisable – January 01, 2012      -     $ -  
Granted       505,400     $ 1.00  
Exercised       -     $ -  
Forfeited/Cancelled       -     $ -  
Outstanding – December 31, 2012     505,400     $ 1.00  
Exercisable – December 31, 2012       505,400     $ 1.00  
Granted       -     $ -  
Exercised       -     $ -  
Forfeited/Cancelled       -     $ -  
Outstanding – March 31, 2013      505,400     $ 1.00  
Exercisable – March 31, 2013       505,400     $ 1.00  

  

Warrants Outstanding     Warrants Exercisable
                             
 

Range of

exercise

price

     

Number

Outstanding

    Weighted Average
Remaining
Contractual Life (in
years)
   

Weighted

Average

Exercise Price

    Number
Exercisable
   

Weighted

Average

Exercise Price

 
$ 1.00       505,400     4.29 years   $ 1.00     505,404   $ 1.00  

 

 At March 31, 2013 and December 31, 2012, the total intrinsic value of warrants outstanding and exercisable was $0.