NOTE 6 COMMON STOCK OPTIONS (Tables)

3 Months Ended

Mar. 31, 2014

Disclosure Text Block Supplement [Abstract]

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

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

Risk-free interest rate		1.50	%
Expected life	5 years
Expected volatility		136.44	%
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, 2014 and for the three months then ended, is presented below:

	Shares		Weighted Average Exercise Price
Outstanding, beginning of the period		15,150,000	$	0.19
Granted		2,250,000	$	0.105
Expired/Canceled		-		-
Exercised		-		-
Outstanding, end of the period		17,400,000	$	0.18
Exercisable		14,200,000	$	0.19