Stock Options (Tables)

12 Months Ended

Dec. 31, 2012

Stock Options Tables

Stock option activity

	Number of Shares		Weighted Average Exercise Price		Aggregate Intrinsic Value (1)		Number of Shares Exercisable		Weighted Average Fair Value At Date of Grant
Outstanding at December 31, 2010		-		-		-		-
Granted at Fair Value		180,000	$	.83				80,000	$	1.35
Exercised		-		-
Cancelled		-		-				-
Outstanding at December 31, 2011		180,000	$	.83	$	147,000		80,000
Granted at Fair Value		130,000	$	.84				45,000	$	1.32
Exercised		-		-
Cancelled		90,000	$	.83				-
Outstanding at December 31, 2012		220,000	$	.84	$	0		125,000

(1) The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option at December 31, 2012. If the exercise price exceeds the market value, there is no intrinsic value.

Fair value of each option granted

	2012			2011
Expected life of option	0 to 6 years			0 to 6 years
Risk free interest rates		.8% - .8	%		.9	%
Estimated volatility		514.9% - 585.0	%		685.1	%
Dividend yield		0.0	%		0.0	%

Information about stock options

The following table summarizes information about stock options outstanding at December 31, 2012:

Range of Exercise Prices		Number of Options		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Aggregate Intrinsic Value (1)		Number Exercisable		Weighted Average Exercise Price of Exercisable Options		Aggregate Intrinsic Value (1)
$	.50 - $1.00		220,000		4.1	$	.84	$	0		164,378	$	.78	$	0

(1) The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option at December 31, 2012. If the exercise price exceeds the market value, there is no intrinsic value.

The following table summarizes information about options outstanding at December 31, 2011:

Range of Exercise Prices		Number of Options		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Aggregate Intrinsic Value (1)		Number Exercisable		Weighted Average Exercise Price of Exercisable Options		Aggregate Intrinsic Value
$	0.01 - $0.02		180,000		4.7	$	.85	$	147,000		80,000	$	.65	$	82,000

Nonvested shares granted under the Company's stock option plan

A summary of the Company’s non-vested stock options at December 31, 2012 and December 31, 2011 and changes during the years are presented below.

Non-Vested Stock Options	Options			Weighted Average Grant Date Fair Value
Non-Vested at December 31, 2011		100,000		$	1.35
Granted		85,000		$	1.36
Vested		(69,378	)	$	1.26
Forfeited		(60,000	)	$	1.65
Non-Vested at December 31, 2012		55,622		$	1.15

Non-Vested Stock Options	Options			Weighted Average Grant Date Fair Value
Non-Vested at December 31, 2010		0		$	0.00
Granted		180,000		$	1.35
Vested		(80,000	)	$	1.26
Forfeited		0		$	1.65
Non-Vested at December 31, 2011		100,000		$	1.15