Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS

v3.5.0.2
STOCK OPTIONS
3 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
STOCK OPTIONS

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