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WARRANTS

6 Months Ended

Jun. 30, 2015

NOTE 3 - WARRANTS

For the six month period ended June 30, 2015, 50,000 warrants were issued along with convertible debt. See Note 2.

The Company uses the Black-Scholes warrant pricing model to estimate the fair value of warrants on the date of grant.

Under the Black-Scholes warrant price model, fair value of the option granted is estimated at $73,124 at the respective issuance date.

The following table summarizes the assumptions used to estimate the fair value of warrants granted during the six months ended June 30, 2015:

	2015
Expected dividend yield	0%
Weighted-average expected volatility	200%
Weighted-average risk-free interest rate	0.48%
Expected life of warrants	5 years

The Company’s outstanding and exercisable warrants as of June 30, 2015 are presented below:

	Number		Weighted Average	Contractual		Intrinsic
	Outstanding		Exercise Price	Life in Years		Value

Warrants Outstanding and exercisable as of December 31, 2014	635,000	$	0.69	4.15	$	515,500

Warrants Granted	50,000	$	1.50	5.00	$	2,500
Warrants Forfeited	-	$	-	-	$	-

Warrants Outstanding and exercisable as of June 30, 2015	685,000	$	0.75	3.74	$	549,750