WARRANTS AND OPTIONS (Tables)

12 Months Ended

Dec. 31, 2015

Preferred stock warrants [Member]

Summary of warrants outstanding and related prices

The following table summarizes warrants outstanding and related prices for the shares of the Company's Series A convertible preferred stock issued at December 31, 2015:

Exercise Price		Number Outstanding		Warrants Outstanding Weighted Average Remaining Contractual Life (years)		Weighted Average Exercise price		Number Exercisable		Warrants Exercisable Weighted Average Exercise Price
$	0.50		2,120,000		4.05	$	0.50		1,120,000	$	0.50
	1.00		71,000		1.72		1.00		71,000		1.00
	1.50		333,500		1.67		1.50		333,500		1.50
Total			2,524,500		3.66	$	0.65		1,524,500	$	0.75

Transactions involving the Company's warrant issuance

Transactions involving the Company's warrant issuance are summarized as follows:

	Number of Shares			Weighted Average Price Per Share
Outstanding at December 31, 2013		-		$	-
Issued		1,914,500			0.66
Exercised
Expired
Outstanding at December 31, 2014		1,914,500			0.66
Issued		705,000			0.61
Exercised		-			-
Canceled		(95,000	)		1.00
Outstanding at December 31, 2015		2,524,500		$	0.65

Options [Member]

Summary of warrants outstanding and related prices

The following table summarizes options outstanding and related prices for the shares of the Company's common stock issued at December 31, 2015:

Exercise Price		Number Outstanding		Option Outstanding Options Average Remaining Contractual Life (years)		Weighted Average Exercise price		Number Exercisable		Options Exercisable Weighted Average Exercise price
$	0.015		3,000,000		5.17	$	0.015		1,000,000	$	0.015
	0.02		250,000		5.10		0.02		250,000		0.02
	0.025		250,000		6.65		0.025		250,000		0.025
	0.06		3,000,000		2.42		0.06		3,000,000		0.06
	0.09		250,000		2.93		0.09		250,000		0.09
	0.095		500,000		3.05		0.095		500,000		0.095
	0.10		650,000		2.19		0.10		650,000		0.10
	0.13		500,000		1.34		0.13		500,000		0.13
	0.17		4,500,000		1.27		0.17		4,500,000		0.17
	0.19		1,000,000		0.60		0.19		1,000,000		0.19
	0.22		175,000		1.25		0.22		175,000		0.22
	5.00		1,517,434		0.65		5.00		1,517,434		5.00
Total			15,592,434		2.35	$	0.67		13,592,434	$	0.67

Transactions involving the Company's warrant issuance

Transactions involving the Company's option issuance are summarized as follows:

	Number of Shares			Weighted Average Price Per Share
Outstanding at December 31, 2013		14,198,434		$	0.86
Issued		3,250,000			0.015
Exercised		-			-
Expired		(403,000	)		(3.14	)
Outstanding at December 31, 2014		17,045,434			0.64
Issued		250,000			0.025
Exercised		--			--
Expired		(1,703,000	)		(1.19	)
Outstanding at December 31, 2015		15,592,434		$	0.67

Warrants

Summary of warrants outstanding and related prices

The following table summarizes warrants outstanding and related prices for the shares of the Company's common stock issued to shareholders at December 31, 2015:

Exercise Price		Number Outstanding		Warrants Outstanding Weighted Average Remaining Contractual Life (years)		Weighted Average Exercise price		Number Exercisable		Warrants Exercisable Weighted Average Exercise Price
$	0.01 to 0.10		38,925,000		3.00	$	0.10		38,925,000	$	0.10
	0.11 to 0.20		16,150,000		1.74		0.15		16,150,000		0.15
	0.21 to 0.30		17,310,000		0.95		0.25		17,310,000		0.25
Total			72,385,000		2.23	$	0.15		72,385,000	$	0.15

Transactions involving the Company's warrant issuance

Transactions involving the Company's warrant issuance are summarized as follows:

	Number of Shares			Weighted Average Price Per Share
Outstanding at December 31, 2013		91,736,274		$	0.22
Issued		10,500,000			0.15
Exercised		-
Expired		(11,374,590	)		(0.35	)
Outstanding at December 31, 2014		90,861,684			0.20
Issued		5,550,000			0.15
Exercised		-			-
Expired		(24,026,684	)		(0.24	)
Outstanding at December 31, 2015		72,385,000		$	0.15