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OPTIONS (Tables)
 12 Months Ended
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