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Stock Options

12 Months Ended

Dec. 31, 2013

Note 9 – Stock Options

Stock option activity for the year ended December 31, 2013, is summarized as follows:

	Shares		WeightedAverageExercise Price		WeightedAverageRemainingContractualLife (Years)		AggregateIntrinsicValue

Options outstanding at December 31, 2012		2,750,000	$	0.78		10.00	$	—
Granted		—		—		—		—
Expired/forfeited		—		—		—		—

Options outstanding at December 31, 2013		2,750,000	$	0.78		10.00	$	—

Total stock-based compensation for the years ended December 31, 2013 and 2012 was $121,237 and $658,381 respectively.

There is no unrecognized stock compensation expense at December 31, 2013.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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