- STOCK BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2011

The weighted-average fair value per share

The weighted-average fair value per share of the options granted during first quarter of 2011 was estimated on the date of grant using the Black-Scholes-Merton option pricing model; the following assumptions were used to estimate the fair value of the options at grant date based on the following:

	June 30,
	2012			2011
Risk-Free interest rate		-			3.37%
Expected dividend yield		-			-
Expected stock price volatility		-			298%
Expected life				10 years
Weighted average fair value of options granted	$		-	$	1.00

Stock options

				Weighted
				average
	Number	Number		remaining		Weighted		Number
	Of Options	Of Options		contractual		Average Exercise
	Available	Outstanding		Term		Price	Aggregate Intrinsic Value	Exercisable
Balance December 31, 2011	4,910,000		71,000		9 years	$ 1.00	$0		71,000
Exercised options			8,000		-
Vested and exercisable options					-		$0		63,000
Balance March 31, 2012	4,910,000		63,000		8.75 years	$ 1.00	$0		63,000
Exercised options			6,000		-
Vested and exercisable options					-		$0		57,000
Balance June 30, 2012	4,910,000		57,000		8.5 years	$ 1.00	$0		57,000

iGenii, Inc. 10-Q/A