STOCK BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2013

Assumptions

The stock price is based on the Company’s trading price at the date of grant and with a marketability discount of 25%. The assumptions are as follows:

Fair value of common shares	$	0.25 – $7.24
Risk free interest rate		.50% – .59	%
Expected award life (years)		2.5
Expected volatility		38% – 40	%

Option Activity

A summary of option activity under the Plan as of December 31, 2013, and changes during the year then ended is presented below:

	Number of Options			Weighted Average Exercise Price			Weighted — Average Remaining Contractural Term		Aggregate Intrinsic Value
Outstanding, December 31, 2012		—			—			—
Granted		9,700,000		$	0.43
Forfeited		(2,000,000	)	$	(0.25	)		—
Exercised		—			—			—
Outstanding as of December 31, 2013		7,700,000		$	0.48			5.5	$	59,367,000
Exercisable as of December 31, 2013		5,100,000		$	0.60			5.5	$	39,320,000