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Stock Options | 12 Months Ended
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Dec. 31, 2014
DisclosureStockOptionsAbstract |
Stock Options | NOTE 10 – STOCK OPTIONS On January 2, 2014, the Company granted Darren Magot, a Director, 1,000,000 stock options as additional compensation. The options allow for cashless exercise and will vest at a rate of 250,000 options per each fiscal quarter, beginning with the conclusion of the first fiscal quarter during the term of the agreement. The aggregate fair value of the options totaled $23,616 based on the Black Scholes Merton pricing model using the following estimates: exercise price of $0.05 .89% risk free rate, 148% volatility and expected life of the options of 5 years. On February 13, 2014, the Company granted Kurt Kramarenko, CEO 4,000,000 stock options as additional compensation. The options allow for cashless exercise and will vest at a rate of 500,000 options per each fiscal quarter, beginning with the conclusion of the first fiscal quarter during the term of the agreement. The aggregate fair value of the options totaled $43,238 based on the Black Scholes Merton pricing model using the following estimates: exercise price of $0.05 .12% risk free rate, 63% volatility and expected life of the options of 2 years. As of December 31, 2014, $21,619 has been expensed to stock based compensation. A summary of the status of the Company’s outstanding stock options as of December 31, 2014 and changes during the periods is presented below:
|  | Shares available to purchase with options |  | Weighted Average Price |  | Weighted Average Fair Value
Outstanding, December 31, 2013 |  |  |  | — |  |  | $ | — |  |  | $ | — |
Issued |  |  |  | 5,000,000 |  |  |  | 0.06 |  |  |  | 0.03 |
Exercised |  |  |  | — |  |  |  | — |  |  |  | — |
Forfeited |  |  |  | — |  |  |  | — |  |  |  | — |
Expired |  |  |  | — |  |  |  | — |  |  |  | — |
Outstanding, December 31, 2014 |  |  |  | 5,000,000 |  |  | $ | 0.06 |  |  | $ | 0.03 |
Exercisable, December 31, 2014 |  |  |  | 3,000,000 |  |  | $ | 0.06 |  |  | $ | 0.03 |
|  | Outstanding
Range of Exercise Prices |  | Number Outstanding at December 31, 2014 |  | Weighted Average Remaining Contractual Life |  | Weighted Average Exercise Price
| $0.05 - 0.08 |  |  |  | 5,000,000 |  |  |  | 1.7 Years |  |  | $ | 0.06 |

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