Quarterly report pursuant to sections 13 or 15(d)

STOCKHOLDERS' EQUITY (Tables)

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STOCKHOLDERS' EQUITY (Tables)
3 Months Ended
Mar. 31, 2013
Equity [Abstract]  
Outstanding stock warrants and changes
    Number of Warrants     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life (Years)  
Balance at December 31, 2012     2,589,109     $ 0.54       6.52  
Granted     -       -       -  
Cancelled     -       -       -  
Forfeited     -       -       -  
Exercised     -       -       -  
Balance at March 31, 2013     2,589,109     $ 0.54       6.27  
                         
Warrants exercisable at March 31, 2013     1,589,109     $ 0.57          
Weighted average fair value of warrants granted during the period ended           $ -          
Summary of stock options and changes
    Number of Options     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life (Years)  
Balance at December 31, 2012     2,000,000       0.50       9.87  
Granted     2,200,000       0.74       6.04  
Exercised     -       -       -  
Forfeited     -       -       -  
Cancelled     -       -       -  
Balance outstanding at March 31, 2013     4,200,000     $ 0.63       7.75  
                         
Options exercisable at end of period     395,833     $ 0.59          
Options expected to vest     3,804,167                  
Weighted average fair value of options granted during the period           $ 0.51