STOCKHOLDERS’ EQUITY (Tables)

9 Months Ended

Sep. 30, 2013

Stockholders Equity Tables

Stock option valuation assumptions

The fair value of each option was estimated on June 25, 2013 (date of grant) using the following Black-Scholes assumptions:

	Nine Months ended September 30, 2013
Expected term (in years)		5
Expected stock price volatility		185.25	%
Risk-free interest rate		1.48	%
Expected dividend yield		-

Schedule of option activities

The following table summarizes all stock option activity under the plans:

	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding at January 1, 2013		-	$	-	$	-	$	-
Granted		300,000		0.03		5		9,000
Exercised		-		-		-		-
Forfeited/expired		-		-		-		-
Outstanding at September 30, 2013		300,000	$	0.03	$	5	$	9,000
Exercisable at September 30, 2013		150,000	$	0.03	$	5	$	4,500