|
NOTE 12 - OPTIONS AND WARRANTS (Tables)
|
9 Months Ended |
|
Sep. 30, 2013
|
| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
|
| Options Outstanding |
| | |
Number of Shares |
| |
Weighted Average
Exercise Price |
| | Outstanding as of January 1, 2013 | |
| 70,000 | | |
$ | 0.01 | |
| | Granted | |
| 300,000 | | |
| 1.65 | |
| | Exercised | |
| — | | |
| — | |
| | Cancelled | |
| — | | |
| — | |
| | Outstanding at September 30, 2013 | |
| 370,000 | | |
$ | 1.34 | |
|
| Options Outstanding and Exercisable |
| | |
Options Outstanding | |
Options Exercisable |
Expiration
Date | |
Exercise Price | |
Number shares outstanding | |
Weighted Average Contractual Life (Years) | |
Number Exercisable | |
Weighted Average Exercise Price |
| | |
| |
| |
| |
| |
|
| October 1, 2018 | |
$ | 0.01 | | |
| 70,000 | | |
| 5.00 | | |
| 56,653 | | |
$ | 0.01 | |
| January 2, 2019 | |
| 1.65 | | |
| 300,000 | | |
| 5.25 | | |
| 124,726 | | |
| 1.65 | |
| Total | |
| | | |
| 370,000 | | |
| | | |
| 181,379 | | |
| | |
|
| Stock Options, Valuation Assumptions |
| Significant assumptions: |
|
|
|
| Risk-free interest rate at grant date |
|
|
1.04%-0.89 |
% |
| Expected stock price volatility |
|
|
199.38%-344.22 |
% |
| Expected dividend payout |
|
|
— |
|
| Expected option life-years |
|
|
6 |
|
|