|10-Q - PARALLAX DIAGNOSTICS, INC.||parallaxform10-qjune30201100.htm|
|EX-10.4 - PARALLAX DIAGNOSTICS, INC.||exhibit104.htm|
|EX-10.3 - PARALLAX DIAGNOSTICS, INC.||exhibit103.htm|
|EX-10.1 - PARALLAX DIAGNOSTICS, INC.||exhibit101.htm|
|EX-10.2 - PARALLAX DIAGNOSTICS, INC.||exhibit102.htm|
|EX-32.1 - PARALLAX DIAGNOSTICS, INC.||exhibit321-quarterlyreport00.htm|
|EX-31.2 - PARALLAX DIAGNOSTICS, INC.||exhibit312-quarterlyreport00.htm|
|EX-32.2 - PARALLAX DIAGNOSTICS, INC.||exhibit322-quarterlyreport00.htm|
|EX-31.1 - PARALLAX DIAGNOSTICS, INC.||exhibit311-quarterlyreport00.htm|
|EXCEL - IDEA: XBRL DOCUMENT - PARALLAX DIAGNOSTICS, INC.||Financial_Report.xls|
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|XML - IDEA: XBRL DOCUMENT - PARALLAX DIAGNOSTICS, INC.||R11.htm|v126.96.36.199
EQUITY COMPENSATION PLAN
|6 Months Ended
Jun. 30, 2011
|EQUITY COMPENSATION PLAN
NOTE 6. EQUITY COMPENSATION PLAN
On October 1, 2010, the board of directors adopted the Company’s Stock Option Plan. The Company has reserved 3,000,000 shares of common stock for issuance upon exercise of options granted from time to time under the stock option plan. The stock option plan is intended to assist the Company in securing and retaining key employees, directors and consultants by allowing them to participate in the Company’s ownership and growth through the grant of incentive and non-qualified options. Under the stock option plan, the Company may grant incentive stock options only to key employees and employee directors, or the Company may grant non-qualified options to employees, officers, directors and consultants. The stock option plan is currently administered by the Company’s board of directors. Subject to the provisions of the stock option plan, the board will determine who shall receive options, the number of shares of common stock that may be purchased under the options. As at June 30, 2011, the Company has granted options to purchase 1,950,000 shares.
<smartxbrl end note 6>
<smartxbrl start note 7>
Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Name Statement of Financial Accounting Standard (FAS)
-Paragraph 64, 65, A240
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Name Accounting Standards Codification
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Name Accounting Standards Codification
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