Common Stock

6 Months Ended

Jun. 30, 2012

Common Stock [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

Common Stock

Share-based Incentive Plans

The Company has two stock option plans that include both incentive and non-qualified options to be granted to certain eligible employees, non-employee directors, or consultants of the Company.

The 2011 Non-Qualified Stock Option Plan (the "2011 Plan"), was adopted to replace an earlier plan. Under the 2011 Plan, employees and consultants may elect to receive their gross compensation in the form of options, exercisable at $0.001 per share, to acquire the number of shares of the Company's common stock equal to their gross compensation divided by the fair value of the stock on the date of grant. At June 30, 2012 there were 3,611,620 shares reserved for issuance under this plan.

The 2002 Stock Option Plan (“2002 Plan”) provided for the award of qualified and non-qualified options for up to 30,000,000 shares. The options granted have a ten-year contractual term and had a vesting schedule of either immediately, two years, or four years from the date of grant. As of June 30, 2012 options for 13,121,952 shares are outstanding.

Information with respect to stock options granted and exercised under these plans during the six months ended June 30, 2012 is as follows:

	Number of shares		Weighted average exercise price per share
Options outstanding at December 31, 2011	17,183,284		$	0.105
Granted	15,435,827		0.001
Exercised	(15,435,827	)	0.001
Options outstanding at June 30, 2012	17,183,284		$	0.105

Fair value of issuances

The fair value of the Company's option grants under the 2011 Plan was estimated at the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

	2012	2011
Expected term (based upon historical experience)	<1 week	<1 week
Expected volatility	115.86%	103.98%
Expected dividends	None	None
Risk free interest rate	0.08%	0.01%

The stock volatility for each grant is determined based on a review of the experience of the weighted average of historical daily price changes of the Company's common stock over the expected option term.

All but 5,500,000 options outstanding at June 30, 2012 are fully vested and exercisable. Information pertaining to options outstanding at June 30, 2012 is as follows:

Exercise Prices	Number of shares	Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
0.001	1,061,332	6.23	$	115,700
0.041	5,121,952	0.28	353,400
0.145	11,000,000	7.62	—
	17,183,284