Annual report pursuant to Section 13 and 15(d)

STOCK BASED COMPENSATION (Tables)

v3.3.1.900
STOCK BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Black-Scholes assumptions used in the valuation of the options issued

The table summarizes the Black-Scholes assumptions used in the valuation of the options issued:

 

    Year Ended  
    December 31, 2015  
       
Expected dividend yield     0.00%  
Expected stock-price volatility     35.6%  
Risk-free interest rate     1.87%  
Expected term of options (years)     6  
Stock price     $0.25  
Exercise price     $0.005  
Schedule of options outstanding and changes during the period

The following represents a summary of the Options outstanding at December 31, 2015 and changes during the period then ended: 

 

          Weighted Average     Aggregate  
    Options     Exercise Price     Intrinsic Value  
Outstanding at December 31, 2014     -     $ -     $ -  
Granted     10,000,000       0.005       2,450,000  
Exercised     -       -       -  
Expired/Forfeited     -       -       -  
Outstanding at December 31, 2015     10,000,000     $ 0.005     $ 2,450,000  
Exercisable at December 31, 2015     -     $ -     $ -  
Expected to be vested     10,000,000     $ 0.005     $ -