Annual report pursuant to section 13 and 15(d)

STOCKHOLDERS EQUITY (DEFICIT) (Tables)

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STOCKHOLDERS EQUITY (DEFICIT) (Tables)
 12 Months Ended
Dec. 31, 2012
Equity [Abstract]  
Status of outstanding stock warrants
    Number of Warrants     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life (Years)  
Balance at December 31, 2011     -     $ -       -  
Granted     13,589,109       0.51       8.59  
Cancelled     (4,800,000 )      0.50       9.80  
Forfeited     -       -       -  
Exercised     (6,200,000 )     0.50       9.70  
Balance at December 31, 2012     2,589,109     $ 0.54       6.52  
                         
Warrants exercisable at December 31, 2012     1,089,109     $ -       -  
Weighted average fair value of warrants granted during the year ended December 31, 2012           $ 0.51          
Summary of stock options
    Number of Options     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life (Years)  
Balance at December 31, 2011     -       -       -  
Granted     5,000,000       0.50       10.0  
Exercised     -       -       -  
Forfeited     -       -       -  
Cancelled     (3,000,000)       0.50       10.0  
Balance outstanding at December 31, 2012     2,000,000     $ 0.50       9.87  
                         
Options exercisable at end of year     83,333     $ 0.50          
Options expected to vest     1,916,667                  
Weighted average fair value of options granted during the period           $ 0.48