Quarterly report pursuant to sections 13 or 15(d)

STOCKHOLDERS' EQUITY (DEFICIT) (Tables)

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STOCKHOLDERS' EQUITY (DEFICIT) (Tables)
9 Months Ended
Sep. 30, 2012
Equity [Abstract]  
Schedule of Warrant Activity
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 (Years)
 
Balance at December 31, 2011
   
-
   
$
-
     
-
 
Granted
   
12,500,000
     
0.50
     
10
 
Cancelled
   
(4,800,000
   
0.50
     
9.80
 
Forfeited
   
-
     
-
     
-
 
Exercised
   
(6,200,000
)
   
0.50
     
9.70
 
Balance at September 30, 2012
   
1,500,000
   
$
0.50
     
9.30
 
                         
Warrants exercisable at September 30, 2012
   
-
   
$
-
     
-
 
Weighted average fair value of options granted during the nine months ended September 30, 2012
         
$
0.50