Note 14 - Share-Based Payments (Tables)

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

Stock option weighted-average assumptions

The following weighted-average assumptions were used for grants made under the stock options plans for the years ended December 31, 2011. No options issued in 2012.

			2011
Expected Volatility		176.1		%
Expected term		5 years
Fisk-Free interest rate		1.02		%
Dividend yield		0		%
Annual forfeiture rate		5		%
Weighted-average estimated fair value of options granted	$	0.10

Stock Option Award Plan

Transactions involving stock options awarded under the Plan described above during the years ended December 31, 2012 and 2011

	Number of shares			Weighted Average Exercise price		Weighted Average Remaining  Contractual term in Years		Aggregate Intrinsic Value
Outstanding at December 31, 2010		8,043,000		$	0.08		6.8	$	237,000
Granted		145,000		$	0.10
Exercised		(20,000	)		0.08
Cancelled/expired		(731,500	)	$	0.08
Outstanding at December 31, 2011		7,436,500		$	0.08		5.6	$	282,000
Granted		–		$
Exercised		–		$
Cancelled/expired		(70,000	)	$	0.10
Outstanding at December 31, 2012		7,366,500		$	0.08		4.7	$	-
Vested and exercisable at December 31, 2012		7,193,167
Vested and exercisable at December 31, 2011		7,058,167