NOTE 7 - COMMON STOCK OPTIONS (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The Company estimated the fair value of the stock options at the date of the grant, based on the following weighted average assumptions:

Risk-free interest rate			2.46	%
Expected life			5 years
Expected volatility	185.59%	to	196.94	%
Dividend yield			0.00	%

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of the status of the Company’s outstanding options as of December 31, 2012 and changes during the year then ended is presented below:

	Shares		Weighted Average Exercise Price
Outstanding, January 1, 2012		7,750,000	$	0.17
Granted		9,550,000		0.17
Expired/Canceled		-		-
Exercised		-		-
Outstanding, December 31, 2012		17,300,000		0.19
Exercisable		15,570,000		0.17