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STOCKHOLDERS' DEFICIT (Tables)
3 Months Ended
Mar. 31, 2015
Stockholders' Equity Note [Abstract]  
Schedule of Stock Option Activity

 

    March 31, 2015     December 31, 2014  
   

Number of

Options

   

Weigthed

Average

exercisable

Price

   

Number of

Options

   

Weigthed

Average

exercisable

Price

 
Options outstanding, beginning of period     200,000     $ 0.25       1,283,000     $ 0.25  
Granted     -       -       -       -  
Exercised     -       -       (50,000 )     (0.25 )
Forfeited     -       -       (1,033,000 )     (0.25 )
Expired     -       -       -       -  
                                 
Options outstanding, end of period     200,000       0.25       200,000       0.25  
Summary of Outstanding and Exercisable Options by Price Range

 

 

March 31, 2015     March 31, 2015  
Options Outstanding     Options Exercisable  
      Weigthed     Weigthed           Weigthed     Weigthed  
      average     average           average     average  
Number of     remaining     exercise     Number of     remaining     exercise  
options     life (years)     price     options     life (years)     price  
                                 
  200,000       6.40     $ 0.25       200,000       6.40     $ 0.25  
Schedule of Assumptions Used to Value Options

 

Risk-free interest rate     0.32 %
Dividend yield     -  
Volatility     152.50 %
Expected life in years   2 years  
Exercise price   $ 0.25  
Schedule of Warrant Activity

 

 

    March 31, 2015           December 31, 2014  
          Weighted     Weigthed           Weighted     Weigthed  
          average     average           average     average  
    Number of     remaining     exercise     Number of     remaining     exercise  
    warrants     life (years)     price     warrants     life (years)     price  
                                     
Warrants outstanding, beginning of year     1,540,625       1.5     $ 0.66       600,000       2     $ 0.71  
Granted     -       -               940,625       1.6       0.63  
Exercised     -       -               -       -          
Expired     -       -       -       -       -       -  
                                                 
Warrants outstanding, end of period     1,540,625       1.25     $ 0.66       1,540,625       1.5     $ 0.66  
Summary of Warrants Outstanding, by Price Range

 

March 31, 2015  
Warrants Outstanding  
      Weigthed average     Weigthed average  
Number of options     remaining life (years)     exercise price  
               
  250,000       0.5     $ 0.30  
  100,000       1       0.50  
  1,190,625       1.3       0.75  
                     
  1,540,625       1.25     $ 0.66