13. EQUITY

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

EQUITY

Common Stock

During the three months ended March 31, 2015, there were no unregistered sales of equity securities.

Warrants

The Company did not issue any warrants during the three months ended March 31, 2015.

A summary of the warrants issued as of March 31, 2015 is as follows:

	March 31, 2015
			Weighted
			Average
			Exercise
	Shares		Price
Outstanding at beginning of period		565,000,000	$	0.035
Issued		-		-
Exercised		-		-
Forfeited		-		-
Expired		-		-
Outstanding at end of period		565,000,000	$	0.035
Exerciseable at end of period		565,000,000

A summary of the status of the warrants outstanding as of March 31, 2015 is presented below:

		March 31, 2015
		Weighted		Weighted				Weighted
		Average		Average				Average
Number of		Remaining		Exercise		Shares		Exercise
Warrants		Life		Price		Exerciseable		Price
	540,000,000		4.06	$	0.033		540,000,000	$	0.033
	25,000,000		3.69		0.080		25,000,000		0.080
	565,000,000		4.02	$	0.035		565,000,000	$	0.035

Warrants totaling 565,000,000 shares of common stock have an intrinsic value of $0 as of March 31, 2015.