Equity

3 Months Ended

Jun. 30, 2011

Stockholders' Equity Note Disclosure [Text Block]

NOTE 4 - STOCK WARRANTS AND OPTIONS

The Company had no outstanding stock warrants during the six months ended June 30, 2011, and the year ended December 31, 2010. During the six months ended June 30, 2011, the Company granted 3,000,000 options to purchase the Company’s common stock for an exercise price of $0.20 per share for a period of 60 months beginning in February 2011 and 2,362 options to purchase the Company’s common stock for an exercise price of $0.10 per share for a period of 35 months beginning in February 2011. The options were granted as part of an employment agreement with Frank Marra entered into during the quarter. The Company valued the options using the Black-Scholes option-pricing model with the following assumptions: dividend yield of zero percent; expected volatility of 176.85%; risk-free interest rate of 2.39%; and expected life of 5 years. A summary of the status of the Company’s outstanding stock options as of June 30, 2011 and December 31, 2010 and changes during the periods then ended is presented below:

	2011			2010
	Shares	Weighted Average Exercise Price		Shares	Weighted Average Exercise Price
Outstanding, beginning of year	701,433	$	.10	701,433	$	.10
Granted	3,002,362		.20	-		-
Expired/Cancelled	-		-	-		-
Exercised	-		-	-		-

Outstanding end of year	3,703,795	$	.18	701,433	$	.10

Exercisable	3,703,795	$	.18	701,433	$	.10

		Outstanding				Exercisable
Range of Exercise Prices			Number outstanding at June 30, 2011	Weighted Average Remaining Contractual Life	Number Exercisable at June 30,2011
$	.10-.20		3,703,795	4.19	3,703,795
			3,703,795		3,703,795

NOTE 6 - EQUITY TRANSACTIONS

During the six months ended June 30, 2010 the Company issued 22,500 shares of common stock for services rendered. The shares were valued at $7,875.

During the current year, the Company executed an employment agreement with the President of the Company which provided 3,000,000 options to purchase the Company’s common stock for an exercise price of $0.20 per share for a 60 month period beginning in February 2011. The options were valued using the Black-Scholes option pricing model, with the following assumptions: dividend yield of zero percent; expected volatility of 176.85%; risk-free interest rate of 2.39%; and expected life of 5 years. The value of the options was $984,975 and was expensed.

- Definition

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

+ References

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+ Details

SANGUINE CORP 10-Q