STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2015

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:

	Three Months ended March 31, 2015
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, 2015		300,000		0.03	$	3.48	$	9,000
Granted						-
Exercised		-		-		-		-
Forfeited/expired		-		-		-		-
Outstanding at March 31, 2015		300,000	$	0.03		3.23	$	9,000
Exercisable at March 31, 2015		300,000	$	0.03		3.23	$	9,000