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| Number of Shares | Weighted Average Exercise Price | Remaining Contractual Term (in Years) | Intrinsic Value |
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Outstanding and exercisable at December 31, 2012 | 80,000 | $1.00 | 2.58 | $ 0 |
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Granted | - | - | - | - |
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Exercised | - | - | - | - |
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Forfeited/Expired | - | - | - | - |
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Outstanding and exercisable at December 31, 2013 | 80,000 | $1.00 | 1.58 | $ - |
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