8. STOCKHOLDERS' DEFICIT (Tables)

12 Months Ended

Dec. 31, 2012

Stockholders Deficit Tables

Common stock purchase options

The following table summarizes the activity of options and warrants under all agreements and plans for the two years ended December 31, 2012 and 2011:

						Weighted
						Average		Aggregate
	Number of					Exercise		Intrinsic
	Options			Warrants		Price		Value
Outstanding, December 31, 2010		27			–		140,000		–
Granted		–			–		–		–
Exercised		–			–		–		–
Expired/cancelled		(25	)		–		–		–
Outstanding, December 31, 2011		2			0		2,244,000		–
Granted		–			–		–		–
Exercised		–			80,000		1		–
Expired/cancelled		–			–		–		–
Outstanding, December 31, 2012		2			80,000		19.7		–

Schedule of weighted average assumptions

	2012	2011
Risk-free interest rate	0.19%	N/A
Volatility	320%	N/A
Expected life	One Year	N/A
Dividend yield	0%	0%

Schedule of stock options and warrants

The following table summarizes information about stock options and warrants outstanding at December 31, 2012:

OPTIONS
OUTSTANDING			EXERCISABLE
RANGE OF EXERCISE PRICES	NUMBER OUTSTANDING	WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE-YEARS	WEIGHTED AVERAGE EXERCISE PRICE	NUMBER EXERCISABLE
$1,320,000	2	0.63	1,320,000	2
	–			–
	2	0.63	1,320,000	2

WARRANTS
OUTSTANDING			EXERCISABLE
RANGE OF EXERCISE PRICES	NUMBER OUTSTANDING	WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE-YEARS	WEIGHTED AVERAGE EXERCISE PRICE	NUMBER EXERCISABLE
$1	80,000	8.73	1.00	80,000
	–			–
	80,000	8.73	1.00	80,000