|
11. STOCK OPTIONS AND WARRANTS (Tables)
|
12 Months Ended |
|
Dec. 31, 2012
|
| Stock Options And Warrants Tables |
|
| Employee Stock Options |
| Options
Outstanding |
|
|
Options
Exercisable |
|
| Exercise
Prices |
|
|
Number
Outstanding |
|
|
Weighted Average
Remaining
Contractual Life
(Years) |
|
|
Weighted Average
Exercise Price |
|
|
Number
Exercisable |
|
|
Weighted Average
Exercise Price |
|
| $ |
0.01
- $0.15 |
|
|
|
175,000 |
|
|
|
4.82 |
|
|
$ |
0.14 |
|
|
|
175,000 |
|
|
$ |
0.14 |
|
| $ |
0.16
- $0.99 |
|
|
|
915,642 |
|
|
|
9.42 |
|
|
|
0.19 |
|
|
|
630,642 |
|
|
|
0.19 |
|
| $ |
1.00
- $5.99 |
|
|
|
190,000 |
|
|
|
2.77 |
|
|
|
3.14 |
|
|
|
190,000 |
|
|
|
3.14 |
|
| |
|
|
|
|
1,280,642 |
|
|
|
7.80 |
|
|
$ |
0.62 |
|
|
|
995,642 |
|
|
$ |
0.74 |
|
Transactions
involving stock options issued to employees are summarized as follows:
| |
|
Number of
Shares |
|
|
Weighted Average
Price Per Share |
|
| Outstanding at January 1, 2011 |
|
|
2,548,800 |
|
|
$ |
1.57 |
|
| Granted |
|
|
– |
|
|
|
– |
|
| Exercised |
|
|
– |
|
|
|
– |
|
| Cancelled or expired |
|
|
(1,863,800 |
) |
|
|
1.10 |
|
| Outstanding at December 31, 2011 |
|
|
685,000 |
|
|
|
1.45 |
|
| Granted |
|
|
915,642 |
|
|
|
0.19 |
|
| Exercised |
|
|
– |
|
|
|
– |
|
| Cancelled or expired |
|
|
(320,000 |
) |
|
|
1.16 |
|
| Outstanding at December 31, 2012 |
|
|
1,280,642 |
|
|
|
0.62 |
|
|
| Non Employee Stock Option |
Weighted
Average
Price
Per
Share |
|
| Outstanding at January 1, 2011 |
|
|
425,000 |
|
|
$ |
1.00 |
|
| Granted |
|
|
– |
|
|
|
– |
|
| Exercised |
|
|
– |
|
|
|
– |
|
| Canceled or expired |
|
|
– |
|
|
|
– |
|
| Outstanding at December 31, 2011 |
|
|
425,000 |
|
|
$ |
1.00 |
|
| Granted |
|
|
– |
|
|
|
– |
|
| Exercised |
|
|
– |
|
|
|
– |
|
| Canceled or expired |
|
|
(425,000 |
) |
|
|
1.00 |
|
| Outstanding at December 31, 2012 |
|
|
– |
|
|
$ |
– |
|
|
| Warrants |
|
|
|
Warrants
Outstanding |
|
|
|
|
|
Warrants
Exercisable |
|
| Exercise
Prices |
|
|
Number
Outstanding
|
|
|
Weighted
Average
Remaining
Contractual
Life
(Years)
|
|
|
Weighted
Average
Exercise
Price
|
|
|
Number
Exercisable
|
|
|
Weighted
Average
Exercise
Price
|
|
| $ |
0.13 |
|
|
|
7,439,240 |
|
|
|
3.12 |
|
|
$ |
0.13 |
|
|
|
7,439,240 |
|
|
$ |
0.13 |
|
| |
0.33 |
|
|
|
1,628,800 |
|
|
|
1.88 |
|
|
|
0.33 |
|
|
|
1,628,800 |
|
|
|
0.33 |
|
| |
0.60 |
|
|
|
800,000 |
|
|
|
0.34 |
|
|
|
0.60 |
|
|
|
800,000 |
|
|
|
0.60 |
|
| |
3.00 |
|
|
|
962,376 |
|
|
|
1.50 |
|
|
|
3.00 |
|
|
|
962,376 |
|
|
|
3.00 |
|
| |
|
|
|
|
10,830,416 |
|
|
|
2.58 |
|
|
$ |
0.46 |
|
|
|
10,830,416 |
|
|
$ |
0.45 |
|
Transactions involving warrants
are summarized as follows:
| |
|
Number
of
Shares
|
|
|
Weighted
Average
Price
Per Share
|
|
| Outstanding at January 1, 2011 |
|
|
22,104,742 |
|
|
$ |
0.51 |
|
| Issued |
|
|
5,546,872 |
|
|
|
0.20 |
|
| Exercised |
|
|
- |
|
|
|
- |
|
| Canceled or expired |
|
|
(12,729,694) |
|
|
|
0.34 |
|
| Outstanding at December 31, 2011 |
|
|
14,921,920 |
|
|
$ |
0.50 |
|
| Issued |
|
|
- |
|
|
|
- |
|
| Exercised |
|
|
(3,115,390) |
|
|
|
0.13 |
|
| Canceled or expired |
|
|
(976,114) |
|
|
|
2.20 |
|
| Outstanding at December 31, 2012 |
|
|
10,830,416 |
|
|
$ |
0.46 |
|
|
| Fair value of options granted |
|
|
2012 |
|
|
2011 |
|
| Expected life of option (years) |
|
|
5-10 |
|
|
|
– |
|
| Risk-free interest rate |
|
|
1.64-2.22% |
|
|
|
– |
|
| Assumed volatility |
|
|
95-105% |
|
|
|
– |
|
| Expected dividend rate |
|
|
0 |
|
|
|
– |
|
| Expected forfeiture rate |
|
|
17% |
|
|
|
– |
|
|