Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (DEFICIT) (Tables)

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STOCKHOLDERS' EQUITY (DEFICIT) (Tables)
3 Months Ended
Mar. 31, 2015
Equity [Abstract]  
Outstanding stock options
  Number of Options   Weighted Average Exercise Price     Weighted Average Remaining Contractual Life (Years)  
Balance at January 1, 2015   $        
  Recapitalization at February 19, 2015 2,150,000     0.05       7.0  
  Granted            
  Exercised            
  Forfeited            
  Cancelled            
Balance outstanding at March 31, 2015 2,150,000   $ 0.05       6.90  
Options exercisable at March 31, 2015 2,150,000   $ 0.05          
Weighted average fair value of options granted during the period     $ 0.05          
Stock warrants outstanding

 

  Number of Warrants   Weighted Average Exercise Price     Weighted Average Remaining Contractual Life (Years)  
Balance at January 1, 2015   $        
Recapitalization at February 19, 2015 171,666     3.77       0.30  
  Granted            
  Exercised            
  Forfeited (13,334   3.75        
  Cancelled            
Balance outstanding at March 31, 2015 158,332   $ 3.77       0.21  

 

Warrants outstanding by exercise price
Warrants Outstanding     Warrants Exercisable  

Exercise

Price

    Number Outstanding at December 31, 2014   Weighted Average Remaining Contractual Life   Weighted Average Exercise Price     Number Exercisable at December 31, 2014     Weighted Average Exercise Price  
$ 3.75       153,332    0.15 Years   $ 3.75       153,332     $ 3.75  
  4.50       5,000    2.10 Years     4.50       5,000       4.50  
$ 3.77       158,332   0.21 Years   $ 3.77       158,332     $ 3.77