Annual report pursuant to Section 13 and 15(d)

Capital Stock and Additional Paid-in Capital (Tables)

v2.4.0.8
Capital Stock and Additional Paid-in Capital (Tables)
12 Months Ended
Dec. 31, 2012
Capital Stock And Additional Paid-In Capital Tables  
Capital Stock

   

December 31, 2012

Number of shares

   

December 31, 2011

Number of shares

 
    Authorized     Outstanding    

Amount

(Restated)

    Authorized     Outstanding    

Amount

(Restated)

 
                $                 $  
Capital Stock                                    
                                     
Preferred stock, $0.001 par value     5,000,000       28,092       28       5,000,000       -       -  
Common stock, $0.001 par value     100,000,000       24,683,285       24,684       100,000,000       18,553,778       18,554  
Additional Paid-in Capital                     5,790,663                       5,428,460  

Assumption used to estimate the fair value of stock warrants

Assumption used to estimate the fair value of stock warrants on the granted date is as follows:

 

Issuance Date   Expected volatility     Risk-free rate     Expected term (years)     Dividend yield  
December 16, 2009     204.70 %     0.11 %     3       0.00 %