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OPTIONS (Tables) | 12 Months Ended
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Dec. 31, 2013
OPTIONS. |
Summary of the Company's outstanding options |
|  | Number of |  | Wtd Avg. |
|  | Shares |  | Exercise Price |
None outstanding at December 31, 2011 |  | — |  | — |
Granted |  | 2,820,000 |  | 0.25 |
Outstanding at December 31, 2012 |  | 2,820,000 |  | 0.25 |
Granted |  | 1,850,000 |  | $ | 0.57 |
Exercised |  | 184,750 |  | 0.25 |
Outstanding at December 31, 2013 |  | 4,485,250 |  | $ | 0.38 |
Summary of the Company's outstanding and exercisable options | Outstanding and Exercisable Options
Average Exercise Price |  | Number of Shares |  | Remaining Average Contractual Life (in years) |  | Exercise Price times number of Shares |  | Weighted Average Exercise Price |  | Intrinsic Value |
$ | 0.25 |  | 4,485,250 |  | 3.96 |  | $ | 1,716,313 |  | $ | 0.38 |  | $ | 99,070 |
|  | 4,485,250 |  |  |  | $ | 1,716,313 |  | $ | 0.38 |  | $ | 99,070 |

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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 + Details
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- Definition Tabular disclosure of the change in stock options. + References No definition available. + Details
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