2.4.0.80013 - Disclosure - 8. STOCK BASED COMPENSATIONtruefalsefalse1false falsefalseFrom2013-01-01to2013-06-30http://www.sec.gov/CIK0001398702duration2013-01-01T00:00:002013-06-30T00:00:001true 1ECIG_NotesToFinancialStatementsAbstractECIG_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Notes to Financial Statements2false 2us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00 In May 2013, Victory adopted the 2013 Stock Option Plan (the Plan) which is intended to advance the interest of the Companys shareholders by enhancing the companys ability to attract, retain, and motivate persons who make (or are expected to make) important contributions to the Company. The maximum aggregate number of shares of the Victorys common stock that may be issued under the Plan is 10,000,000 shares.   On June 25, 2013, Victory granted an aggregate of 6,200,000 stock options to purchase Victory common stock to directors, officers and certain employees and consultants. The options are exercisable at $0.25 per share for a period of 5 years from the date of grant. Options to purchase 200,000 shares vested immediately, options to purchase the additional 6,000,000 shares vest 50% at the end of December 31, 2013 and 50% at the end of December 31, 2014. As of June 30, 2013, there was approximately $108,000 of total unrecognized compensation expense related to the options granted. These costs are expected to be recognized over a period of 1.5 years. The options were valued using the Black-Sholes option pricing model. In order to calculate the fair value of the options, certain assumptions are made regarding components of the model including the estimated fair value of underlying common stock, riskfree interest rate, volatility, expected dividend yield and expected option life. Changes to the assumptions could cause significant adjustment to the valuation. The options were valued on their grant date at $.018 per option based on the assumptions used. Total vested options included in compensation expense for the six months ended June 30, 2013 and 2012, were $3,600 and $0 respectively.   Stock option activity is as follows: <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: center">Number of Options</td> <td nowrap="nowrap" style="padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: center">Weighted Average Exercise Price</td> <td nowrap="nowrap" style="padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: center">Weighted Average Remaining Contractual Life</td> <td nowrap="nowrap" style="padding-bottom: 1.25pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 67%; font: 10pt/115% Calibri, Helvetica, Sans-Serif">Outstanding, December 31, 2012</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 8%; font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-align: right">-</td> <td nowrap="nowrap" style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 8%; font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-align: right">-</td> <td nowrap="nowrap" style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 8%; font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-align: right">-</td> <td nowrap="nowrap" style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif">Granted June 25, 2013</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-align: right">6,200,000</td> <td nowrap="nowrap" style="padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif">$</td> <td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-align: right">0.25</td> <td nowrap="nowrap" style="padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td> </td> <td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-align: right">5.0</td> <td nowrap="nowrap" style="padding-bottom: 1.25pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif">Outstanding, June 30, 2013</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-align: right">6,200,000</td> <td nowrap="nowrap" style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif">$</td> <td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-align: right">0.25</td> <td nowrap="nowrap" style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td> </td> <td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-align: right">5.0</td> <td nowrap="nowrap" style="padding-bottom: 2.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap"> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap"> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif">Exercisable at June 30, 2013</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-align: right">200,000</td> <td nowrap="nowrap" style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif">$</td> <td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-align: right">0.25</td> <td nowrap="nowrap" style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td> </td> <td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-align: right">5.0</td> <td nowrap="nowrap" style="padding-bottom: 2.5pt"> </td></tr> </table> falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 false08. 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