Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPFinancial_Report.xls
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR4.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR6.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR9.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR1.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR3.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR8.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR2.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR29.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR19.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR22.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR30.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR35.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR39.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR33.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR14.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR18.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR40.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR37.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR32.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR25.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR15.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR24.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR13.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR42.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR28.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR11.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR31.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR36.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR12.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR17.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR23.htm
EX-32.1 - LITTLEFIELD CORPex32-1.htm
EX-31.1 - LITTLEFIELD CORPex31-1.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR5.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR27.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR10.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR26.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR20.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR34.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR38.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR41.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR21.htm
10-Q - LITTLEFIELD CORPlittlefield10q093012.htm
XML - IDEA: XBRL DOCUMENT - LITTLEFIELD CORPR7.htm
v2.4.0.6
NOTE 11 - RELATED PARTY TRANSACTIONS
9 Months Ended
Sep. 30, 2012
Related Party Transactions Disclosure [Text Block]
NOTE 11 - RELATED PARTY TRANSACTIONS.

In December 2011, the Company renewed and modified a five year employment agreement with its President and CEO for the period January 1, 2012 to December 31, 2016. During the third quarter of 2012 the President and CEO was replaced and paid $300,000 in severance. In accordance with the agreement, the President and CEO, in January 2012, was awarded stock options for 1,500,000 shares of common stock with an exercise price of 110% of the fair market value of the Company’s stock on the date of grant. The options were to vest ratably over the five year employment agreement period and were subject to acceleration upon certain conditions. The former President and CEO requested a non-broker-assisted cashless exercise for vested options and the Company has not determined an amount to directly convert those options, if any, determined to be in-the-money options. In accordance with the agreement, the Company accrued as Other liabilities – related party, $24,000 and $18,000 of deferred compensation in the nine months ended September 30, 2012 and 2011, respectively.