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OPTIONS (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2014
Dec. 31, 2013
OPTIONS.    
Summary of the Company's outstanding options  

 

 

 

 

Number of

 

Wtd Avg.

 

 

 

Shares

 

Exercise Price

 

None outstanding at December 31, 2011

 

 

 

 

 

 

 

 

 

Granted

 

2,820,000

 

0.25

 

 

 

 

 

 

 

Outstanding at December 31, 2012

 

2,820,000

 

0.25

 

 

 

 

 

 

 

Granted

 

1,850,000

 

$

0.57

 

Exercised

 

184,750

 

0.25

 

 

 

 

 

 

 

Outstanding at December 31, 2013

 

4,485,250

 

$

0.38

 

 

Summary of the Company's outstanding and exercisable options

 

 

 

 

Number of
Options

 

Wtd Avg.
Exercise Price

 

Wtd Avg.
Remaining
Term

 

Intrinsic
Value

 

Outstanding at December 31, 2013

 

4,485,250

 

$

0.38

 

3.96

 

$

99,070

 

 

 

 

 

 

 

 

 

 

 

Granted

 

4,327,100

 

0.43

 

5.17

 

 

Less Exercised

 

100,000

 

0.25

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2014

 

8,712,350

 

$

0.41

 

4.31

 

$

489,225

 

 

 

Outstanding and Exercisable Options

 

Average
Exercise Price

 

Number of
Shares

 

Remaining
Average
Contractual
Life

(in years)

 

Exercise
Price

times
number of
Shares

 

Weighted
Average
Exercise
Price

 

Intrinsic
Value

 

$

0.25

 

4,485,250

 

3.96

 

$

1,716,313

 

$

0.38

 

$

99,070

 

 

 

4,485,250

 

 

 

$

1,716,313

 

$

0.38

 

$

99,070