NOTE 6 - COMMON STOCK OPTIONS (Tables)

3 Months Ended

Mar. 31, 2013

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 March 31, 2013, and for the three-month period then ended, is presented below:

	Shares		Weighted Average Exercise Price
Outstanding, beginning of the period		17,300,000	$	0.17
Granted		-		-
Expired/Canceled		-		-
Exercised		-		-
Outstanding, end of the period		17,300,000		0.17
Exercisable		15,840,000		0.17