4. Stock Options (Tables)

12 Months Ended

Dec. 31, 2014

Stock Options Tables

Stock option activity

	Number of Shares			Exercise Price Range		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding, December 31, 2012		3,682,500		$	0.12 to $3.50	$	0.17
Granted		20,600,000		$	0.02	$	0.02
Exercised		(3,100,000	)	$	0.02	$	0.02
Expired/forfeited		(332,500	)	$	0.12 to $3.50	$	0.33
Outstanding, December 31, 2013		20,850,000		$	0.02 to $3.50	$	0.04
Granted		--			--		--
Exercised		--			--		--
Expired/forfeited		--			--		--
Outstanding, December 31, 2014		20,850,000		$	0.02 to $3.50	$	0.04		8.21	$	--
Exercisable, December 31, 2014		7,875,000		$	0.02 to $0.19	$	0.08		7.24	$	--

Outstanding and exercisable options by price range

		Outstanding options						Exercisable Options
				Weighted		Weighted				Weighted
				Average		Average				Average
Range of Exercise		Number		Remaining		Exercise		Number		Exercise
Prices per Share		Outstanding		Life (Years)		Price		Exercisable		Price
$	0.14		2,350,000		5.0	$	0.14		2,350,000	$	0.14
$	0.19		1,000,000		5.5	$	0.19		1,000,000	$	0.19
$	0.02		17,500,000		8.8	$	0.02		4,525,000	$	0.02
$	0.02 - $ 0.19		20,850,000			$	0.04		7,875,000	$	0.08

Share based compensation assumptions

Estimated volatility		157.63	%
Risk free interest rate		0.32	%
Expected dividend rate		--
Expected life	6 years