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OPTIONS (Tables)

9 Months Ended

Sep. 30, 2013

OPTIONS

Summary of the Company's outstanding options

		Number of shares		Wtd. Avg.		Wtd. Avg.		Intrinsic
		Shares		Exercise Price		Remaining Term		Value
Outstanding at December 31, 2012		2,820,000		0.25		5.00		211,500
Granted		1,750,000		0.58		—		—
Exercised		142,500		0.25		—		—
Outstanding at September 30, 2013		4,427,500		0.38		4.23		177,323

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- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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