STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of restricted stock granted

The restricted stock granted and exercisable at March 31, 2016 is as follows:

		Restricted Stock Granted				Restricted Stock Vested
Grant date Price		Number Granted		Weighted Average Fair Value per Share		Number Vested		Weighted Average Fair Value per Share
$	0.20		2,880,000	$	0.20		-	$	-
$	0.20		1,440,000	$	0.20		-	$	-
			4,320,000	$	0.20		-	$	-

Warrant [Member]

Schedule of warrant activity

A summary of all of our warrant activity during the period January 1, 2016 to March 31, 2016 is as follows:

	Shares Underlying Warrants		Exercise price per share		Weighted average exercise price
Outstanding January 1, 2016		6,219,200	$	0.625	$	0.625
Granted		-		-		-
Forfeited/Cancelled		-		-		-
Exercised		-		-		-
Outstanding March 31, 2016		6,219,200	$	0.625	$	0.625

Schedule of exercise price range of warrants

The warrants outstanding and exercisable at March 31, 2016 are as follows:

		Warrants Outstanding						Warrants Exercisable
Exercise Price		Number Outstanding		Weighted Average Remaining Contractual life in years		Weighted Average Exercise Price		Number Exercisable		Weighted Average Exercise Price		Weighted Average Remaining Contractual life in years
$	0.625		6,219,200		4.51	$	0.625		6,219,200	$	0.625		4.51
			6,219,200			$	0.625		6,219,200	$	0.625