Common Stock Options (Tables)

12 Months Ended

Dec. 31, 2012

Common Stock Options Tables

Common stock option activity

The following is a summary of all common stock option activity during the two years ended December 31, 2012:

	Shares Under Options Outstanding			Weighted Average Exercise Price
Outstanding at December 31, 2010		570,500		$	0.72
Options granted		-		$	-
Options forfeited		(266,000)	)	$	0.50
Options exercised		-			-
Outstanding at December 31, 2011		304,500		$	0.91
Options granted		-		$	-
Options forfeited		-		$	-
Options exercised		-		$	-
Outstanding at December 31, 2012		304,500		$	0.91

	Options Exercisable		Weighted Average Exercise Price Per Share
Exercisable at December 31, 2011		142,000	$	0.60
Exercisable at December 31, 2012		142,000	$	0.60

Common stock options outstanding and exercisable

The following represents additional information related to common stock options outstanding and exercisable at December 31, 2012:

		Outstanding						Exercisable
Exercise Price		Number of Shares		Weighted Average Remaining Contract Life in Years		Weighted Average Exercise Price		Number of Shares		Weighted Average Exercise Price
$	0.31		15,000		1.04	$	0.31		15,000	$	0.31
$	0.38		12,500		2.00	$	0.38		12,500	$	0.38
$	0.50		125,000		1.58	$	0.50		62,500	$	0.50
$	0.80		1,000		5.16	$	0.80		1,000	$	0.80
$	0.85		51,000		4.77	$	0.85		51,000	$	0.85
$	1.60		100,000		3.26	$	1.60		-	$	1.60
			304,750		2.97	$	0.91		142,000	$	0.60

Nonvested stock options

A summary of the status of the Company’s nonvested stock options as of December 31, 2012 and changes during the year ended December 31, 2012 is presented below:

Nonvested Stock Options	Shares		Weighted Average Grant Date Fair Value
Nonvested at December 31, 2011		162,500	$	1.09
Options granted		-		-
Options vested		-	$	-
Options forfeited		-		-
Nonvested at December 31, 2012		162,500	$	1.09