Quarterly report pursuant to sections 13 or 15(d)

STOCKHOLDERS' EQUITY (DEFICIT) (Tables)

v2.4.0.6
STOCKHOLDERS' EQUITY (DEFICIT) (Tables)
6 Months Ended
Jun. 30, 2012
Equity [Abstract]  
Schedule of Warrant Activity
  
 
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
   
(5,000,000
)
   
0.50
     
9.83
 
Balance at June 30, 2012
   
2,700,000
   
$
0.50
     
9.55
 
                         
Warrants exercisable at June 30, 2012
   
1,200,000
   
$
0.50
     
9.55
 
Weighted average fair value of options granted during the six months ended June 30, 2012
         
$
0.50