Options and warrants (Tables)

6 Months Ended

Jun. 30, 2015

Options And Warrants Tables

Schedule for fair value of options granted

The assumptions made in calculating the fair value of options granted during the six months ended June 30, 2015 are as follows:

Expected volatility	264.8	%
Expected dividend yield	-
Risk-free interest rate	1.62	%
Expected term (in years)	5.0

Summary Of Stock Option and Warrant Information

The following table represents our stock option and warrant activity for the six months ended June 30, 2015:

	Shares		Weighted Average Exercise Prices		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
Outstanding and Exercisable
Outstanding at December 31, 2014		120,400	$	7.00		2.27		-
Options and warrants granted		4,500,000	$	0.16		5.00		-
Options and warrants cancelled or expired		6,650	$	8.23		-		-
Outstanding at June 30, 2015		4,613,750	$	0.33		4.90		-
Exercisable at June 30, 2015		4,613,750	$	0.33		4.90		-