STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2013

Notes to Financial Statements

Weighted average stock option assumptions

The weighted average assumptions used in the model are outlined in the following table:

	December 31, 2010
Risk-free rate of interest	1.81%
Dividend yield	0%
Volatility of common stock	321.74%
Expected term	5.3125 years

Schedule of status of warrants and options issued

A summary of the status of the warrants and options issued by the Company as of March 31, 2013 and December 31, 2012 are as follows:

	March 31, 2013				December 31, 2012
	Number of Warrants & Options		Weighted Average Exercise Price		Number of Warrants & Options		Weighted Average Exercise Price
Outstanding at beginning of year		560,000	$	0.10		560,000	$	0.10
Granted		-		-		-		-
Exercised for cash		-		-		-		-
Exercised for cashless		-		-		-		-
Expired and cancelled		-		-		-		-
Outstanding, end of period		560,000	$	0.10		560,000	$	0.10