Quarterly report pursuant to sections 13 or 15(d)

6. Stock Options and warrants (Details Narrative)

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6. Stock Options and warrants (Details Narrative) (USD $)
6 Months Ended
Jun. 30, 2012
Option [Member]
 
Shares available to be granted 2,750,442
Options/Warrants granted 4,850,000
Options issued to officer 4,000,000
Weighted-average remaining contractual life shares outstanding 8 years 3 months 18 days
Amortization of compensation cost based on the vesting of the options $ 683,423
Future unamortized compensation expense on the outstanding options 5,987,964
Warrant [Member]
 
Warrants issued to consultants 600,000
Options/Warrants granted 6,583,416
Weighted-average remaining contractual life shares outstanding 1 year 6 months
Warrants average exercise price per share $ 0.30
Total fair value of the warrants issued to consultants 123,734
Risk-free interest rate 0.23% to 0.37%
Dividend yield 0.00%
Volatility 112.00%
Expected life two to three years
Compensation expense from warrants issued to consultants 123,734
Warrants granted in connection with convertible notes 5,983,416
Warrant exercisable price per share $ 0.30
Amortization of the compensation based on the vesting of warrants 189,767
Future unamortized compensation expense on the outstanding warrants $ 311,168