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STOCKHOLDERS' DEFICIT (Tables)
6 Months Ended
Jun. 30, 2015
Stockholders' Equity Note [Abstract]  
Schedule of Stock Option Activity

 

    June 30, 2015     December 31, 2014  
   

Number of

Options

   

Weighted

Average

exercisable

Price

   

Number of

Options

   

Weighted

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

 

June 30, 2015     June 30, 2015  
Options Outstanding     Options Exercisable  

Number

of

options

   

Weighted

average

remaining

life (years)

   

Weighted

average

exercise

price

   

Number

of

options

   

Weighted

average

remaining

life (years)

   

Weighted

average

exercise

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

 

    June 30, 2015     December 31, 2014  
          Weighted     Weighted           Weighted     Weighted  
          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

 

 

June 30, 2015  
Warrants Outstanding  
      Weighted average     Weighted average  
Number of warrants     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