XML 17 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2013
Equity [Abstract]  
Summary of Option Activity

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 – September 30, 2013       541,404     $ 1.00  
Exercisable – September 30, 2013       420,923     $ 1.00  

Summary of Option Outstanding and Exercisable

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     4.10 years   $ 1.00     420,923   $ 1.00  

Schedule of Warrants Activity

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       277,134     $ 1.50  
Exercised       -     $ -  
Forfeited/Cancelled       -     $ -  
Outstanding – September 30, 2013       782,534     $ 1.18  
Exercisable – September 30, 2013       782,534     $ 1.18  

Schedule of Warrants Outstanding and Exercisable

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-$1.50       782,534     4.17 years   $ 1.18     782,534   $ 1.18