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EXCEL - IDEA: XBRL DOCUMENT - VIPER POWERSPORTS INCFinancial_Report.xls
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EX-31.2 - EXHIBIT 31.2 - VIPER POWERSPORTS INCv325968_ex31-2.htm
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v2.4.0.6
Warrants for Services
9 Months Ended
Sep. 30, 2012
Stockholders' Equity Note [Abstract]  
Stockholders Equity Note Warrants [Text Block]

E. Warrants for Services

 

During the three months ended March 31, 2012, the Company issued 100,000 warrants for shares of common stock for $27,971 of services recorded as an expense in general and administration. The Company valued the warrants issued using the Black-Scholes model.

 

During the three months period ended June 30, 2012, the Company issued 1,359,550 warrants for shares of common stock for $313,133 of services recorded as an expense in general and administration. The Company valued the warrants issued using the Black-Scholes model.