Annual report pursuant to section 13 and 15(d)

14. Equity Transactions (Tables)

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14. Equity Transactions (Tables)
12 Months Ended
Dec. 31, 2012
Equity Transactions Tables  
Schedule of stock options and warrants

The following summary presents information regarding outstanding options as of December 31, 2012 and 2011 and changes during the years then ended with regard to all options:

 

  Number of Options Weighted Average Exercise Price Weighted Average Remaining Contract Term
Outstanding at December 31, 2010                              5,722,375  $                          0.96 6.59 years
Granted in 2010                              1,532,000                              0.09  
Forfeitures and expirations in 2010                               (620,114)                              1.12  
Outstanding at December 31, 2011                              6,634,261                              0.75 6.86 years
Granted in 2012                              2,511,500                              0.11  
Forfeitures in 2012                               (147,291)                              0.11  
Expirations in 2012                               (134,209)                              0.21  
Outstanding at December 31, 2011                              8,864,261  $                          0.58 6.93 years
       
Exercisable at December 31, 2012                              4,935,890  $                          0.96 5.11

 

The following table summarizes information about stock options outstanding as of December 31, 2012:

 

Range of Exercise Prices   Options Outstanding   Weighted Average Life (Years)   Weighted Average Price   Options Exercisable   Weighted Average Price
$0.06 - $0.10   1,537,250   8.55 $ 0.09   495,127 $ 0.09
$0.11 - $0.17   4,614,250   8.28   0.11   1,731,002   0.12
$0.18 - $0.31   933,500   4.82   0.31   930,500   0.31
$0.35 - $0.60   16,000   4.94   0.37   16,000   0.37
$0.69 - $2.28   827,750   4.05   1.03   827,750   1.03
$2.46 - $4.38   873,011   2.29   3.41   873,011   3.41
$4.70 - $6.45   62,500   1.98   6.24   62,500   6.24
    8,864,261   6.93 $ 0.58   4,935,890 $ 0.96

 

The following summarizes the information relating to warrants issued and the activity during the years ended December 31, 2012 and 2011:

 

  Number of Warrants Per Share Exercise Price Weighted Average Exercise Price
Shares under warrants at December 31, 2010                      42,171,097 0.11-1.67                                 $0.27
Granted in 2011                        5,444,089 0.08-0.14 0.10
Exercised in 2011                                     -                           -     
Expired in 2011                                     -                           -     
Outstanding at December 31, 2011                      47,615,186 0.08-1.67 0.25
Granted in 2012                      43,827,454 0.01-0.16 0.10
Expired in 2012                      (1,468,181) 0.48-0.64 0.61
Exercised in 2012                                     -                           -     
Outstanding at December 31, 2012                      89,974,459   $0.18