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Stock Options and Warrants (Tables)
12 Months Ended
Dec. 31, 2012
Stock Options and Warrants [Abstract]  
Summary of Stock Option Activity

The following is a summary of stock option activity for 2012 and the status of stock options outstanding and exercisable at December 31, 2012:

 

    Stock
Options
#
    Weighted
Average
Exercise Price
$
    Remaining
Contractual
Life (years)
    Aggregate
Intrinsic value
 
Outstanding and exercisable at December 31, 2011     9,050,000       0.110       4.28       36,500  
Forfeited during quarter March 31, 2012     (200,000 )     0.260       -       -  
Granted during quarter March 31, 2012     1,600,000       0.050       -       -  
                                 
Outstanding and exercisable at March, 31, 2012     10,450,000       0.090       4.21       42,000  
Granted during quarter June 30, 2012     200,000       0.065       -       -  
                                 
Outstanding and exercisable at June, 30, 2012     10,650,000       0.097       3.97       34,125  
Forfeited during quarter September 30, 2012     (1,000,000 )     0.260       -       -  
Granted during quarter September 30, 2012     -       -       -       -  
                                 
Outstanding and exercisable at September 30, 2012     9,650,000       0.080       3.74       52,500  
Forfeited during quarter December 31, 2012     -       -       -       -  
Granted during quarter December 31, 2012     -       -       -       -  
                                 
Outstanding and exercisable at December 31, 2012     9,650,000       0.080       3.51      

Nil

 

 

The following is a summary of stock option activity for the year ended December 31, 2011 and the status of stock options outstanding and exercisable at December 31, 2011:

 

    Stock
Options
#
    Weighted
Average
Exercise Price
$
    Remaining
Contractual
Life (years)
12/31/2011
    Aggregate
Intrinsic value at
12/31/2011
 
Outstanding and exercisable at December 31, 2010     1,700,000       0.26       -       -  
Forfeited during year     (500,000 )     0.26       -       -  
Granted during year     7,850,000       0.09       -       -  
                                 
Outstanding and exercisable at December 31, 2011     9,050,000       0.11       4.28       36,500