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Stock Based Compensation	3 Months Ended
Mar. 31, 2015
Notes to Financial Statements
Stock Based Compensation	Note 10 – Stock Based Compensation Compensation expense for all stock-based awards is measured on the grant date based on the fair value of the award and is recognized as an expense, on a straight-line basis, over the employee’s requisite service period (generally the vesting period of the equity award). The fair value of each option award is estimated on the grant date using a Black-Scholes option valuation model. Stock-based compensation expense is recognized only for those awards that are expected to vest using an estimated forfeiture rate. The Company estimates pre-vesting option forfeitures at the time of grant and reflects the impact of estimated pre-vesting option forfeitures in compensation expense recognized. For options and warrants issued to non-employees, the Company recognizes stock compensation costs utilizing the fair value methodology over the related period of benefit. Stock-based compensation expense was $1,369,376 and $1,343,794 for the three months ended March 31, 2015 and 2014, respectively. Stock Option Activity There is no stock option activities during the three months ended March 31, 2015. The Company’s policy, in the event of exercise, is to issue new shares to fulfill the requirements for options that are exercised. There are 12,450,000 options outstanding as of March 31, 2015, and none of those are exercisable. The outstanding options had weighted average exercise price of $0.10 and intrinsic value of $0.23. There is $4,142,896 of unrecognized compensation cost as of March 31, 2015, and will be amortized in 0.85 – 2 years.

Stock Based Compensation

3 Months Ended

Mar. 31, 2015

Note 10 – Stock Based Compensation

Compensation expense for all stock-based awards is measured on the grant date based on the fair value of the award and is recognized as an expense, on a straight-line basis, over the employee’s requisite service period (generally the vesting period of the equity award). The fair value of each option award is estimated on the grant date using a Black-Scholes option valuation model. Stock-based compensation expense is recognized only for those awards that are expected to vest using an estimated forfeiture rate. The Company estimates pre-vesting option forfeitures at the time of grant and reflects the impact of estimated pre-vesting option forfeitures in compensation expense recognized. For options and warrants issued to non-employees, the Company recognizes stock compensation costs utilizing the fair value methodology over the related period of benefit.

Stock-based compensation expense was $1,369,376 and $1,343,794 for the three months ended March 31, 2015 and 2014, respectively.

Stock Option Activity

There is no stock option activities during the three months ended March 31, 2015.

The Company’s policy, in the event of exercise, is to issue new shares to fulfill the requirements for options that are exercised. There are 12,450,000 options outstanding as of March 31, 2015, and none of those are exercisable. The outstanding options had weighted average exercise price of $0.10 and intrinsic value of $0.23. There is $4,142,896 of unrecognized compensation cost as of March 31, 2015, and will be amortized in 0.85 – 2 years.

- 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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