Common Stock Options (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2015

Dec. 31, 2014

Common Stock Options Tables

Stock Option Activity

The following table summarizes stock option activity for the period ended March 31, 2015:

					Weighted
					Average
			Weighted		Remaining		Aggregate
	Options		Average		Contractual		Intrinsic
	Outstanding		Exercise Price		Life (Years)		Value
Balance January 1, 2015		185,000	$	0.83		9.12	$	9,300
Options granted		-		_		-	$	0
Balance March 31, 2015		185,000	$	0.83		8.87	$	110,800
Exercisable at March 31, 2015		85,000	$	0.72		8.96	$	22,500

					Weighted Average Remaining Contractual Life (Years)
			Weighted Average Exercise Price				Aggregate Intrinsic Value
	Options Outstanding
Balance January 1, 2014		80,000	$	0.70		8.75	$	24,800
Options granted		105,000	$	0.93		9.41	$	1,500
Balance December 31, 2014		185,000	$	0.83		9.12	$	9,300
Exercisable at December 31, 2014		85,000	$	0.72		8.97	$	7,850

Assumptions required for the Black-Scholes model

	2014	2013
Risk-free interest rate	1.58 – 1.62%	1.43 – 1.49%
Expected life in years	5.50	5.50
Weighted Avg Expected Volatility	94.4% - 105.3%	99.5 – 103.4%
Expected dividend yield	0%	0%

stock options outstanding

	Number Outstanding		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Number Exercisable		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price
$0.50 to $1.00		130,000		9.07	$	0.74		85,000		8.96	$	0.72
$1.01 to $1.50		55,000		9.25		1.05		0		-		-
		185,000		9.12		0.83		85,000		8.96		0.72