Common Stock (Tables)

9 Months Ended

Sep. 30, 2013

Common Stock Tables

Warrants outstanding and exercisable

Information with respect to warrants outstanding and exercisable at September 30, 2013 is as follows:

	Number Outstanding			Range of Exercise Price			Number Exercisable
Warrants outstanding, December 31, 2012		2,175,000			$	0.20-1.50		2,175,000
Issued		13,500,000			$	0.15		13,500,000
Exercised		-
Expired/Forfeited		(1,660,000	)		$	0.50		-
Warrants outstanding, September 30, 2013		14,015,000			$	0.15-1.50		14,015,000

Warrants options issued

The grant date fair values of the Company’s option awards during the nine months ended September 30, 2013 and 2012 were estimated using the Black Scholes option pricing model with the following assumptions:

	For the nine months ended		For the nine months ended
	September 30, 2013		September 30, 2012
Expected life (years)		-		2
Risk – free interest rate		-		0.40	%
Expected volatility		-		178	%
Dividend Yield		-		0.00	%