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STOCKHOLDERS'EQUITY (Tables)
9 Months Ended
Sep. 30, 2012
2011 Stock Options [Member]
 
Stock option activity

The Company’s stock option activity is as follows:

 

    Number of options     Weighted Average Exercise Price    

Weighted Average Remaining Contractual Life

(in years)

 
Balance, December 31, 2007     -       -       -  
Granted during 2008     20,965       2.20       5.00  
Exercised during 2008     (20,965 )     2.20          
Balance, December 31, 2008     -       -       -  
Granted during the period     424,900       0.20          
Exercised during the period     (424,900 )     0.20          
Balance, December 31, 2009     -       -       -  
Granted during 2010     468,051       0.20          
Exercised during 2010     (468,051 )     0.20          
Balance, December 31, 2010     -       -       -  
Granted during the period     387,250       0.20          
Exercised during the period     (387,250 )     0.20          
                         
Balance, September 30, 2011     -       -       -  
Stock Options 2012 [Member]
 
Stock option activity

The Company’s stock option activity is as follows:

 

   

 

 

 

Number of options

   

 

 

Weighted Average Exercise Price

   

Weighted Average Remaining Contractual Life

(in years)

 
Balance, December 31, 2007     -       -       -  
Granted during 2008     20,965       2.20       -  
Exercised during 2008     (20,965 )     2.20          
Balance, December 31, 2008     -       -       -  
Granted during the period     424,900       0.20          
Exercised during the period     (424,900 )     0.20          
Balance, December 31, 2009     -       -       -  
Granted during 2010     468,051       0.20          
Exercised during 2010     (468,051 )     0.20          
Balance, December 31, 2010     -       -       -  
Granted during the period     387,250       0.20          
Exercised during the period     (387,250 )     0.20          
Balance, December 31, 2011     -       -       -  
Granted during the period     -       -          
Exercised during the period     -       -          
Balance, September 30, 2012     -       -       -