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Share Based Payment (Tables)

6 Months Ended

Jun. 30, 2012

A summary of stock option activity as of June 30, 2012, and changes during the period then ended is presented below.

				Weighted-
			Weighted-	Average
			Average	Remaining		Aggregate
			Exercise	Contractual		Intrinsic
	Options		Price	Life (Years)		Value

Outstanding at December 31, 2011	385,000	$	0.23	6.67	$	-
Granted	-		-	-		-
Exercised	-		-	-		-
Forfeited	-		-	-		-
Outstanding at June 30, 2012 (unaudited)	385,000	$	0.23	6.17	$	-

Vested and expected to vest
at June 30, 2012 (unaudited)	385,000	$	0.23	6.17	$	-

Exercisable at June 30, 2012 (unaudited)	231,000	$	0.23	6.17	$	-

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References+ Details