Stockholders' Deficiency (Tables)

3 Months Ended

Mar. 31, 2015

Stockholders Deficiency Tables

Schedule of Stock Warrants Granted

In applying the Black-Scholes option pricing model to stock warrants, the Company used the following weighted average assumptions:

	For The Three Months Ended
	March 31,
	2015			2014
Risk free interest rate		1.50	%		1.74	%
Dividend yield		0.00	%		0.00	%
Expected volatility		196.0	%		171.0	%
Expected life in years		5.00			5.00

Summary of Stock Warrant Activity

A summary of the stock warrant activity during the three months ended March 31, 2015 is presented below:

			Weighted		Average
			Average		Remaining		Aggregate
	Number of		Exercise		Life		Intrinsic
	Warrants		Price		In Years		Value
Outstanding, January 1, 2015		9,339,044	$	0.45
Granted		500,000	$	0.10
Exercised		-	$	-
Forfeited		-		-
Outstanding, March 31, 2015		9,839,044	$	0.44		4.0	$	-
Exercisable, March 31, 2015		9,579,044	$	0.37		4.1	$	-

Summary of Stock Warrants Outstanding and Exercisable

The following table presents information related to stock warrants at March 31, 2015:

	Warrants Outstanding				Warrants Exercisable
	Weighted				Weighted		Weighted
Range of	Average		Outstanding		Average		Average		Exercisable
Exercise	Exercise		Number of		Exercise		Remaining Life		Number of
Price	Price		Warrants		Price		In Years		Warrants
$0.10 - $0.35	$	0.27		9,246,198	$	0.27		4.2		9,246,198
$0.36 - $3.00		2.91		562,846		2.91		1.4		312,846
$3.01 - $4.95		4.95		30,000		4.95		2.5		20,000
$0.10 - $4.95	$	0.44		9,839,044	$	0.37		4.1		9,579,044