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STOCK TRANSACTIONS (Tables)
3 Months Ended
Mar. 31, 2013
STOCK TRANSACTIONS (Tables)  
Stock options outstanding

The following table sets forth the Company’s stock options outstanding as of March 31, 2013 and December 31, 2012 and activity for the years then ended:

 

 

 

 

 

 

Weighted

 

 

 

 

 

Weighted

 

Average

 

 

 

 

 

Average

 

Remaining

 

Aggregate

 

 

 

Exercise

 

Contractual

 

Intrinsic

 

Shares

 

Price

 

Term (Years)

 

Value

 

 

 

 

 

 

 

 

Outstanding, January 1, 2012

69,883,333

 

$    0.029

 

5.26

 

$          -

Granted

4,650,000

 

0.029

 

-

 

-

Exercised

-

 

-

 

-

 

-

Forfeited/expired

150,000

 

0.029

 

-

 

-

 

 

 

 

 

 

 

 

Outstanding, December31 , 2012

74,383,333

 

$    0.029

 

4.28

 

$           -

Granted

0

 

-

 

-

 

-

Exercised

-

 

-

 

-

 

-

Forfeited/expired

 

 

-

 

-

 

-

Outstanding, March 31, 2013

74,383,333

 

$    0.029

 

4.03

 

$           -

 

 

 

 

 

 

 

 

Vested/exercisable at December 31, 2012

69,883,333

 

$    0.029

 

4.26

 

$          -

Vested/exercisable at March  31, 2013

69,883,333

 

$    0.029

 

4.01

 

$          -

  

Summarizes the information with respect to options granted, outstanding and exercisable

The following table summarizes the information with respect to options granted, outstanding and exercisable under the 2005 plan:

 

Exercise Price

Options Outstanding

Remaining Contractual Life in Years

Average Exercise Price

Number of Options Currently Exercisable

$.02

250,000

2.17

$.020

250,000

$.029

54,983,333

4.08

$.029

54,983,333

$.029

2,500,000

5.08

$.029

2,500,000

$.029

700,000

6.08

$.029

700,000

$.029

1,000,000

4.75

$.029

1,000,000

$.029

150,000

4.83

$.029

150,000

$.029

850,000

6.17

$.029

850,000

$.029

4,500,000

2.08

$.029

4,500,000

$.029

300,000

7.08

$.029

300,000

$.029

4,500,000

3.25

$.029

4,500,000

$.029

150,000

8.25

$.029

150,000

$.029

4,500,000

4.33

$.029

4,500,000