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EXCEL - IDEA: XBRL DOCUMENT - SILVERGRAPH INTERNATIONAL INCFinancial_Report.xls
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EX-31.2 - EXHIBIT 31.2 - SILVERGRAPH INTERNATIONAL INCex31_2.htm
EX-32.1 - EXHIBIT 32.1 - SILVERGRAPH INTERNATIONAL INCex32_1.htm
EX-31.1 - EXHIBIT 31.1 - SILVERGRAPH INTERNATIONAL INCex31_1.htm
EX-32.2 - EXHIBIT 32.2 - SILVERGRAPH INTERNATIONAL INCex32_2.htm
10-Q - FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2012 - SILVERGRAPH INTERNATIONAL INCf111412310q.htm
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v2.4.0.6
EQUITY
9 Months Ended
Sep. 30, 2012
EQUITY [Abstract]  
EQUITY
NOTE 5 - EQUITY

Common shares issuable

On April 1, 2011, we entered into an Acknowledgment and Release with Beach Freeman Lim & Cleland, a California limited liability partnership ("Beach"), under which we agreed to issue Beach 75,600 shares of our common stock, restricted in accordance with Rule 144, in exchange for Beach agreeing to accept the shares in full satisfaction of any and all amounts we owe Beach which was approximately $75,590 for past services they provided to us. We expect to issue the shares during the three months ending December 31, 2012. The balance owed has been classified as an addition to common shares issuable within our stockholders' deficit section of our condensed consolidated balance sheet at September 30, 2012 and December 31, 2011.

Warrants Outstanding

A summary of warrant activity and changes for the nine months ended September 30, 2012 is presented below:
Warrants
 
Shares
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Term (Years)
Outstanding and exercisable at December 31, 2011
 
205,266
 
$
1.29
 
2.1
Granted
 
-
   
-
 
-
Expired
 
(5,266)
   
31.24
 
-
Outstanding and exercisable at September 30, 2012
 
200,000
 
$
.50
 
2.1
Additional information regarding warrants outstanding as of September 30, 2012 is as follows:
Exercise Price
 
Number
Outstanding
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Number
Exercisable
 
Intrinsic
Value of
Warrants at
September 30,
2012
$.50
   
200,000
 
2.1
   
200,000
 
-
$.50
   
200,000
 
2.4
   
200,000
 
-