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STOCK TRANSACTIONS (Tables)
6 Months Ended
Jun. 30, 2014
STOCK TRANSACTIONS (Tables)  
Stock options outstanding

The following table sets forth the Company’s stock options outstanding as of June 30, 2014 and December 31, 2013 and activity for the years then ended:

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

 

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

 

 

Shares

 

 

Price

 

 

Term (Years)

 

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, January 1, 2013

 

 

74,383,333

 

 

$

0.029

 

 

 

4.28

 

 

$

-

 

Granted

 

 

-

 

 

 

0.029

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited/expired

 

 

-

 

 

 

0.029

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, December31 , 2013

 

 

74,383,333

 

 

$

0.029

 

 

 

3.28

 

 

$

-

 

Granted

 

 

3,150,000

 

 

 

0.029

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited/expired

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Outstanding, June 30, 2014

 

 

77,533,333

 

 

$

0.029

 

 

 

2.86

 

 

$

0.022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested/exercisable at  December, 31, 2013

 

 

74,383,333

 

 

$

0.029

 

 

 

3.28

 

 

$

-

 

Vested/exercisable at June 30, 2014

 

 

74,383,333

 

 

$

0.029

 

 

 

2.78

 

 

$

0.022

 

 

Summarizes the information with respect to options granted, outstanding and exercisable

The following table summarizes the information with respect to options granted, outstanding and exercisable under the 2005 plan:

 

Exercise Price

Options Outstanding

Remaining Contractual Life in Years

Average Exercise Price

Number of Options Currently Exercisable

$.02

250,000

0.92

$.020

250,000

$.029

54,983,333

2.83

$.029

54,983,333

$.029

2,500,000

3.83

$.029

2,500,000

$.029

700,000

4.83

$.029

700,000

$.029

1,000,000

3.50

$.029

1,000,000

$.029

150,000

3.58

$.029

150,000

$.029

850,000

4.92

$.029

850,000

$.029

4,500,000

0.83

$.029

4,500,000

$.029

300,000

5.83

$.029

300,000

$.029

4,500,000

2.00

$.029

4,500,000

$.029

150,000

7.00

$.029

150,000

$.029

4,500,000

3.08

$.029

4,500,000

$.029

3,000,000

4.50

$.029

-

$.029

150,000

9.50

$.029

-