Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE STOCK OPTIONS (Tables)

v2.4.0.6
EMPLOYEE STOCK OPTIONS (Tables)
9 Months Ended
Sep. 30, 2012
EMPLOYEE STOCK OPTIONS (Tables)  
Fair Value of options weighted average assumptions

 

December 1, 2011

 

July 1, 2012

 

August 15, 2012

 

 

 

 

 

 

Risk free interest rate

0.97%

 

0.67%

 

0.80%

Expected life

6.5 years

 

6.5 years

 

6.5 years

Dividend yield

                             -  

 

                             -  

 

                             -  

Volatility

32%

 

158%

 

153%

 

 

 

 

 

 

Stock option activity and changes

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

 

 

 

Average

 

Remaining

 

Aggregate

 

 

 

 

 

Exercise

 

Contractual

 

Intrinsic

 

 

 

Shares

 

Price

 

Term

 

Value

Outstanding, December 31, 2011

  1,125,000

 

 $    2.00

 

 

 

 

Granted

 

 

    125,000

 

       4.50

 

 

 

 

Forfeited

 

 

   (125,000)

 

       2.00

 

 

 

 

Outstanding, September 30, 2012

  1,125,000

 

 $    2.28

 

9.2 Years

 

 $ 3,346,875

Exercisable, September 30, 2012

            -