Quarterly report pursuant to Section 13 or 15(d)

Note 12 - STOCK OPTIONS (Tables)

Note 12 - STOCK OPTIONS (Tables)

3 Months Ended

Mar. 31, 2013

Changes in options outstanding and related prices for shares of Companys common stock issued to employees of Company under the 2012 Stock Option Plan

The following table summarizes the changes in options outstanding and the related prices for the shares of the Company’s common stock issued to employees of the Company under the 2012 Stock Option Plan:

Options Outstanding

Options Exercisable

Exercise

Prices

Number

Outstanding

Weighted Average

Remaining Contractual

Life (Years)

Weighted Average

Exercise Price

Number

Exercisable

Weighted

Average

Exercise Price

0.015

9,000,000

4.74

0.015

9,000,000

0.015

Transactions involving stock options issued to employees

Transactions involving stock options issued to employees are summarized as follows:

	Number of Shares		Weighted Average Exercise Price Per Share
Outstanding at January 1, 2012		-	$	-
Granted		9,000,000		0.015
Exercised		-		-
Cancelled or expired		-		-
Outstanding at December 31, 2012		9,000,000	$	0.015
Granted		-		-
Exercised		-		-
Expired		-		-
Outstanding at March 31, 2013		9,000,000	$	0.015

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References + Details