NOTE 6 - STOCK OPTIONS (Details Narrative) (USD $)
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11 Months Ended | 12 Months Ended |
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Dec. 31, 2011
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Dec. 31, 2012
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Note 6 - Stock Options | ||
Stock Options Granted - Total | 5,570,829 | 5,000,000 |
Stock Options Granted to CEO | 5,000,000 | 4,500,000 |
Common Shares Purchase Upon Exercise | 4,500,000 | |
Exercise Price - CEO | $ 0.57 | $ 0.01 |
Stock Options Expired - CEO | 5,000,000 | |
Stock Options Granted - to CFO | 300,000 | |
Common Shares Purchase Upon Exercise | 300,000 | |
Exercise Price - CFO | $ 0.025 | |
Stock Options Granted to Director | 100,000 | |
Common Shares Purchased Upon Exercise | 100,000 | |
Exercise Price - Director | $ 0.025 | |
Options expense | $ 195,615 | $ 181,646 |
Risk-free Interest Rate | 0.018 | 0.0077 |
Percentage of Dividend Yield | ||
Volatility | 0.65 | 0.65 |
Expected Life | 2 years 274 days | 5 years |
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The floor of a customized range of exercise prices for purposes of disclosing shares potentially issuable under outstanding stock option awards on all stock option plans and other required information pertaining to awards in the customized range. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The ceiling of a customized range of exercise prices for purposes of disclosing shares potentially issuable under outstanding stock option awards on all stock option plans and other required information pertaining to awards in the customized range. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The noncash expense that accounts for the value of stock or unit options distributed to employees as compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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