NOTE 6 COMMON STOCK OPTIONS (Tables)

9 Months Ended

Sep. 30, 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		1.55	%
Expected life	5 years
Expected volatility		136.34	%
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 September 30, 2014 and for the nine months then ended, is presented below:

	Shares			Weighted Average Exercise Price
Outstanding, beginning of the period		15,150,000		$	0.190
Granted		4,775,000			0.140
Expired/Canceled		(1,000,000	)		0.100
Exercised		-			-
Outstanding, end of the period		18,925,000			0.125
Exercisable		15,600,000			0.133