Quarterly report pursuant to Section 13 or 15(d)

NOTE 7: EQUITY TRANSACTIONS (Tables)

v2.4.0.6
NOTE 7: EQUITY TRANSACTIONS (Tables)
3 Months Ended
Mar. 31, 2013
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of stock option activity for the three months ended March 31, 2013 is as follows:

         
Weighted
 
         
Average
 
   
Options
   
Exercise Price
 
Outstanding - December 31, 2012
    46,000,000     $ 0.22  
Granted
    1,000,000       0.24  
Forfeited/canceled
    -       -  
Exercised
    -       -  
Outstanding – March 31, 2013
    47,000,000     $ 0.22  
Exercisable – March 31, 2013
    10,400,000     $ 0.03