Quarterly report pursuant to Section 13 or 15(d)

COMMON STOCK WARRANTS

v2.4.0.8
COMMON STOCK WARRANTS
 9 Months Ended
Sep. 30, 2013
Equity [Abstract]  
COMMON STOCK WARRANTS

NOTE 5 – COMMON STOCK WARRANTS

 

Stock Warrants

 

A summary of the status of the Company’s outstanding stock warrants and changes during the period then ended is as follows:

 

    Number of Warrants     Weighted Average Exercise Price    

Weighted Average Remaining Contractual Life

(in Years)

  
                   
Balance, December 31, 2012     36,000,000       0.03          
Granted     750,000     $ 0.05          
Exercised     -                  
Cancelled/Forfeited     -                  
Balance, September 30, 2013     36,750,000     $ 0.03       1.65  

 

The following table summarizes the Company’s stock warrants outstanding at September 30, 2013:

 

Exercise Price     Warrants Outstanding     Warrants Exercisable     Weighted Average Remaining Contractual Life     Aggregate Intrinsic Value  
                           
$ 0.03       36,000,000       36,000,000       1.61     $ -  
$ 0.05       750,000       750,000       3.61     $ -  
                                     
          36,750,000       36,750,000       1.65     $ -