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STOCK TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2015
STOCK TRANSACTIONS (Tables)  
Schedule of Company's stock options outstanding

The following table sets forth the Company's stock options outstanding as of December 31, 2015 and December 31, 2014 and activity for the years then ended:

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

 

 

Shares

 

 

Price

 

 

Term (Years)

 

 

Value

 

 

 

 

 

 

 

 

 

 

Outstanding, January 1, 2014

 

 

74,383,333

 

 

$

0.029

 

 

 

3.28

 

 

$

-

 

Granted

 

 

3,150,000

 

 

 

0.029

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited/expired

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2014

 

 

77,533,333

 

 

$

0.029

 

 

 

2.36

 

 

$

-

 

Granted

 

 

6,300,000

 

 

 

0.029

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited/expired

 

 

(4,750,000

)

 

 

0.029

 

 

 

-

 

 

 

-

 

Outstanding, December31, 2015

 

 

79,083,333

 

 

$

0.029

 

 

 

1.73

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested/exercisable at December, 31, 2014

 

 

77,533,333

 

 

$

0.029

 

 

 

2.36

 

 

$

-

 

Vested/exercisable at December, 31, 2015

 

 

75,933,333

 

 

$

0.029

 

 

 

1.60

 

 

$

-

 

 

Schedule of summary the information with respect to options granted, outstanding and exercisable under the 2005 plan

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

 

$

.029

 

 

 

54,983,333

 

 

 

1.33

 

 

$

.029

 

 

 

54,983,333

 

$

.029

 

 

 

2,500,000

 

 

 

2.33

 

 

$

.029

 

 

 

2,500,000

 

$

.029

 

 

 

700,000

 

 

 

3.33

 

 

$

.029

 

 

 

700,000

 

$

.029

 

 

 

1,000,000

 

 

 

1.83

 

 

$

.029

 

 

 

1,000,000

 

$

.029

 

 

 

150,000

 

 

 

2.08

 

 

$

.029

 

 

 

150,000

 

$

.029

 

 

 

850,000

 

 

 

3.42

 

 

$

.029

 

 

 

850,000

 

$

.029

 

 

 

300,000

 

 

 

4.42

 

 

$

.029

 

 

 

300,000

 

$

.029

 

 

 

4,500,000

 

 

 

0.50

 

 

$

.029

 

 

 

4,500,000

 

$

.029

 

 

 

150,000

 

 

 

5.50

 

 

$

.029

 

 

 

150,000

 

$

.029

 

 

 

4,500,000

 

 

 

1.58

 

 

$

.029

 

 

 

4,500,000

 

$

.029

 

 

 

3,000,000

 

 

 

3.00

 

 

$

.029

 

 

 

3,000,000

 

$

.029

 

 

 

150,000

 

 

 

8.00

 

 

$

.029

 

 

 

150,000

 

$

.029

 

 

 

3,000,000

 

 

 

4.00

 

 

$

.029

 

 

 

3,000,000

 

$

.029

 

 

 

150,000

 

 

 

9.00

 

 

$

.029

 

 

 

150,000

 

$

.029

 

 

 

3,000,000

 

 

 

4.58

 

 

$

.029

 

 

 

-

 

$

.029

 

 

 

150,000

 

 

 

9.58

 

 

$

.029

 

 

 

-