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Stock Options and Warrants
6 Months Ended
Jun. 30, 2011
Notes to Financial Statements  
Stock Options and Warrants

Note 5 -- Stock Options and Warrants

 

Stock Options

 

Following is a summary of the stock option activity:

 

   Options Outstanding  Weighted Average Exercise Price
Outstanding as of December 31, 2010   13,934,651   $0.15 
Granted   1,527,778    0.11 
Forfeited   15,000    0.69 
Exercised   —      —   
Outstanding as of June 30, 2011   15,447,429   $0.11 

 

Warrants

 

Following is a summary of the warrant activity:

 

   Warrants Outstanding  Weighted Average Exercise Price
Outstanding as of December 31, 2010   80,041,252   $0.07 
Granted   6,882,500    0.13 
Forfeited   4,042,687    0.07 
Exercised   4,732,133    0.07 
Outstanding as of June 30, 2011   79,273,752   $0.08