WARRANTS
 3 Months Ended
Jun. 30, 2012
WARRANTS:  
WARRANTS

NOTE 7 - WARRANTS

 

The following is a summary of the status of all of the Company’s stock warrants as of June 30, 2012 and changes during the six months ended on that date:

 

Number of Warrants

 

Weighted-Average Exercise Price

Outstanding at January 1, 2012

20,000

 

$ 15.50

Granted

-

 

$ 0.00

Exercised

-

 

$ 0.00

Cancelled

-

 

$ 0.00

Outstanding at June 30, 2012

20,000

 

$ 15.50

Warrants exercisable at June 30, 2012

20,000

 

$ 15.50

 

The following table summarizes information about stock warrants outstanding and exercisable at June 30, 2012:

 

.

 

STOCK WARRANTS OUTSTANDING AND EXERCISABLE

Exercise Price

 

Number of Warrants Outstanding

 

Weighted-Average Remaining Contractual Life in Years

 

Weighted-Average Exercise Price

$ 15.50

 

20,000

 

0.92

 

$ 15.50