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Stockholders' Equity
6 Months Ended
Jun. 30, 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       318,000     $ 1.00  
Exercised       -     $ -  
Forfeited/Cancelled       -     $ -  
Outstanding – June 30, 2013       541,404     $ 1.00  
Exercisable – June 30, 2013       423,532     $ 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       541,404     4.35 years   $ 1.00     423,532   $ 1.00  

 

At June 30, 2013 and December 31, 2012, the total intrinsic value of options outstanding and exercisable was $541,404 and $0, respectively.

  

(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 – June 30, 2013     505,400     $ 1.00  
Exercisable – June 30, 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     4.04 years   $ 1.00     505,400   $ 1.00  

 

At June 30, 2013 and December 31, 2012, the total intrinsic value of warrants outstanding and exercisable was $505,400 and $0, respectively.