Number of Options | Weighted average exercise price | |||||||||
Outstanding, January 1, 2012 | 405,000 | $ | 1.01 | |||||||
Granted - 2012 | 75,000 | 1.17 | ||||||||
Exercised - 2012 | 0 | 0 | ||||||||
Expired 2012 | (455,000 | ) | (.98 | ) | ||||||
Balance, December 31, 2012 | 25,000 | 1.58 | ||||||||
Granted 2013 | 125,000 | 1.00 | ||||||||
Exercised 2013 | 0 | 0 | ||||||||
Expired 2013 | (25,000 | ) | (1.58 | ) | ||||||
Balance, December 31, 2013 | 125,000 | $ | 1.00 |