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EQUITY INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2014

Equity [Abstract]

Schedule of warrant activity

A summary of warrant activity for 2014 and 2013 follows:

Warrants		Shares				Weighted- Average Exercise Price				Weighted- Average Remaining Contractual Term		Aggregate Instrinsic Value

Outstanding at January 1, 2013			35,957,583				0.33			4.26 years		$	—
Granted			8,320,000				0.24			3.38 years		$	—
Reclassified
Forfeited, expired or cancelled
Outstanding at December 31, 2013			44,277,583				0.31
Granted			3,399,000				0.27
Forfeited, expired, or cancelled			(3,212,599	)			0.25
Outstanding at December 31, 2014			44,463,984				0.31
Exercisable at December 31, 2014			44,463,984				0.31			3.47 years

Summary of warrants outstanding and exercisable

As of December 31, 2013 and 2014, the information regarding the options is set forth below.

		2014				2013
Shares available			52,000,000				52,000,000
Options outstanding (Directors and employees)			6,322,000				6,322,000
Options exercisable			6,046,334				6,046,334

Schedule of option activity

A summary of activity for 2014 and 2013 follows:

		Options				Weighted- Average Exercise Price				Weighted- Average Remaining Contractual Term		Aggregate Instrinsic Value

Outstanding at January 1, 2013			6,261,334				0.33			8.25 years
Granted			300,000				0.25
Forfeited, expired or cancelled			-10,000				0.25

Outstanding at December 31, 2013			6,551,334				0.28			9.85 years
Granted			0
Forfeited, expired or cancelled			-143,834				.25

Outstanding at December 31, 2014			6,407,500				.28			9.85 years

Exercisable at December 31, 2014			0

Summary of options granted and vested

The following table summarizes information about options granted and vested during the years ended December 31.

		2014				2013

Options granted			0				300,000
Weighted-average grant-date fair value ($)			N/A				0.07
Options vested			0				40,000
Fair value of vested options ($)			N/A			$	2,800

Summary of common stock options outstanding and exercisable

A summary of common stock options outstanding and exercisable as of December 31, 2014 follows:

Options Outstanding				Exercise Price Range				Weighted- Average Exercise Price				Weighted- Average Remaining Contractual Term				Options Exercisable				Weighted- Average Exercise Price of Exercisable Options
	6,407,500				.28				.25-.65				9.85				0			N/A

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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