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EMPLOYMENT AND STOCK OPTION AGREEMENTS (Tables)

3 Months Ended

Mar. 31, 2013

Employment and Stock Option Agreements [Abstract]

Schedule of information about stock options

Exercise				Number			Remaining		Number
Price				Outstanding			Contractual Life		Exercisable
$	1.25				1,605,000		4  years			1,605,000
$	1.00				45,000		6  years			33,750
$	0.62				500,000		6  years			500,000
$	0.17				500,000		9  years			50,000
$	0.25				180,000		10 years			60,000
					2,830,000					2,248,750

Schedule of option input into a Black Scholes option pricing model

Exercise price				$.17 to $1.25
Term				10 years
Volatility				.41 to 2.50
Dividends				0%
Discount rate				0.08% to 4.75%

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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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- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ 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 (f)(2)

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

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