|
NOTE 8 – STOCK OPTIONS
For the three months ended March 31,
2016 and 2015, $16,324 and $76,178 has been amortized to expense, respectively, for the vesting of options.
A summary of the status
of the Company’s outstanding stock options and changes during the periods is presented below:
| |
|
Shares available to purchase with options |
|
Weighted
Average
Price |
|
Weighted
Average
Fair Value |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding, December 31, 2015 |
|
|
1,000,000 |
|
|
$ |
0.27 |
|
|
$ |
0.20 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Issued |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Exercised |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Forfeited |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Expired |
|
|
1,000,000 |
|
|
|
— |
|
|
|
— |
|
| Outstanding, March 31, 2016 |
|
|
— |
|
|
$ |
— |
|
|
$ |
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable, March 31, 2016 |
|
|
— |
|
|
$ |
— |
|
|
$ |
— |
|
A summary of the status of the Company’s outstanding
stock warrants and changes during the periods is presented below:
| |
|
Shares available to purchase with warrants |
|
Weighted
Average
Price |
|
Weighted
Average
Fair Value |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding, December 31, 2015 |
|
|
51,000,000 |
|
|
$ |
0.23 |
|
|
$ |
0.186 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Issued |
|
|
— |
|
|
$ |
— |
|
|
$ |
— |
|
| Exercised |
|
|
— |
|
|
$ |
— |
|
|
$ |
— |
|
| Forfeited |
|
|
— |
|
|
$ |
— |
|
|
$ |
— |
|
| Expired |
|
|
— |
|
|
$ |
— |
|
|
$ |
— |
|
| Outstanding, March 31, 2016 |
|
|
51,000,000 |
|
|
$ |
0.23 |
|
|
$ |
0.186 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable, March 31, 2016 |
|
|
51,000,000 |
|
|
$ |
0.23 |
|
|
$ |
0.186 |
|
| Range of Exercise Prices |
|
Number Outstanding 3/31/2016 |
|
Weighted Average Remaining Contractual Life |
|
Weighted Average Exercise Price |
| $ |
0.23 |
|
|
|
51,000,000 |
|
|
|
9.37 years |
|
|
$ |
0.23 |
|
|