NOTE 7 - COMMON STOCK OPTIONS (Tables)

12 Months Ended

Dec. 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 at the date of the grant, based on the following weighted average assumptions:

Risk-free interest rate	1.50	%	to	1.69		%
Expected life				5 years
Expected volatility	135.74	%	to		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 December 31, 2014 and changes during the year then ended is presented below:

	Shares			Weighted Average Exercise Price
Outstanding, January 1, 2014		15,150,000		$	0.19
Granted		5,915,000			0.14
Expired/Canceled		(2,500,000	)		0.10
Outstanding, December 31, 2014		18,565,000			0.18
Exercisable		14,600,000			0.20