CAPITAL TRANSACTIONS (Tables)

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Schedule of Stock Options Outstanding and Exercisable

Information with respect to options outstanding and exercisable at March 31, 2016 is as follows:

	Number Outstanding	Exercise Price	Number Exercisable
Balance, December 31, 2015	13,465,000	$0.01	13,465,000
Issued	-	-	-
Expired	-	-	-
Forfeited	-	-	-
Balance, March 31, 2016	13,465,000	$0.01	13,465,000

Schedule of Stock Options Outstanding

The following table summarizes information about the stock options outstanding at March 31, 2016:

Exercise Price	Number Outstanding at March 31, 2016	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price	Number Exercisable at March 31, 2016	Weighted Average Exercise Price
0.01	13,465,000	7.5	0.01	13,465,000	0.01
Total	13,465,000	-	-	13,465,000	-

The following table summarizes information about the stock options outstanding at December 31, 2015:

Exercise Price	Number Outstanding December 31, 2015	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price		Number Exercisable at December 31, 2014	Weighted Average Exercise Price
$0.01	13,465,000	8.0		0.01	13,465,000	$0.01
Total	13,465,000	-		-	13,465,000