14. STOCK OPTIONS (Tables)

9 Months Ended

Sep. 30, 2015

Stock Options Tables

Stock options

Stock option activity for the nine months ended September 30, 2015 and the years ended December 31, 2014 and 2013 is as follows:

				Weighted Average
	Options			Exercise Price			$
Outstanding as of December 31, 2012		12,851,187			0.098			1,259,781
Granted		34,000,000			0.070			2,386,000
Exercised		-			-			-
Forfeitures		(6,000,000	)		(0.030	)		(180,108	)
Outstanding as of December 31, 2013		40,851,187			0.085			3,465,673
Granted		49,720,000			0.075			3,706,000
Exercised		(5,126,187	)		(0.133	)		(682,922	)
Forfeitures		(44,725,000	)		(0.092	)		(4,132,751	)
Outstanding as of December 31, 2014		40,720,000		$	0.058		$	2,356,000
Granted		-			-			-
Exercised		-			-			-
Forfeitures		(150,000	)		(0.050	)		(7,500	)
Outstanding as of September 30, 2015		40,570,000		$	0.058		$	2,348,500

The following table summarizes information about stock options outstanding and exercisable at September 30, 2015: 

				Weighted		Weighted				Weighted
				Average		Average				Average
Range of		Number		Remaining Life		Exercise Price		Number		Exercise Price
Exercise Prices		Outstanding		In Years		Exerciseable		Exerciseable		Exerciseable
$	0.05		24,570,000		4.05	$	0.050		9,142,500	$	0.050
	0.07		16,000,000		3.83		0.070		4,166,667		0.070
			40,570,000		3.96	$	0.058		13,309,167	$	0.058