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STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Jun. 30, 2014
Stockholders Equity Tables  
Estimated fair value of option

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

 

   

Six

Months

ended

June

30,

2014

 
Expected term (in years)     5  
Expected stock price volatility     185.25 %
Risk-free interest rate     1.48 %
Expected dividend yield     -  
Summarizes of stock option activity

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

 

   

Number

of

Options

   

Weighted

Average

Exercise

Price

   

Weighted

Average

Remaining

Contractual

Life

(Years)

    Aggregate Intrinsic Value  
Outstanding at January 1, 2014     300,000       0.03     $ -     $ 9,000  
Granted                     5          
Exercised     -       -       -       -  
Forfeited/expired     -       -       -       -  
Outstanding at June 30, 2014     300,000     $ 0.03     $ 5     $ 9,000  
Exercisable at June 30, 2014     300,000     $ 0.03     $ 5     $ 9,000