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I. CAPITAL STOCK
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6 Months Ended |
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Jun. 30, 2013
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| Stockholders' Equity Note [Abstract] | |
| NOTE I - CAPITAL STOCK |
The Company has authorized 15,000,000 shares of preferred stock (designated and undesignated), with a par value of $.001 per share. As of June 30, 2013 and December 31, 2012 the Company had 215 and 538 shares of preferred stock issued and 185 and 185 and 483 and 493 shares outstanding, designated Series A and B preferred stock, respectively.
The Company has authorized 190,000,000 shares of common stock with a par value of $.001 per share. As of June 30, 2013 and December 31, 2012 the Company had 108,487,616 and 108,103,001 common shares issued and outstanding, respectively.
During the three months ended June 30, 2013, 10 shares of Series B redeemable preferred stock were converted to 384,615 shares of common stock.
During the six months ended June 30, 2012, the Company issued 431,721 shares of common stock to directors and management for services performed through June 30, 2012. These shares were valued at $71,000, which approximated the fair value of the shares when they were issued. |
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- Details
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- Definition
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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