|
NOTE 8 – STOCK OPTIONS
For the nine months ended September 30,
2016 and 2015, $16,324 and $32,648 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, September 30, 2016 |
|
- |
|
|
$ |
- |
|
|
$ |
- |
| |
|
|
|
|
|
|
|
|
|
|
| Exercisable, September 30, 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, September 30, 2016 |
|
51,000,000 |
|
|
$ |
0.23 |
|
|
$ |
0.186 |
| |
|
|
|
|
|
|
|
|
|
|
| Exercisable, September 30, 2016 |
|
51,000,000 |
|
|
$ |
0.23 |
|
|
$ |
0.186 |
| Range of Exercise Prices |
Number Outstanding 9/30/2016 |
Weighted Average Remaining Contractual Life |
|
Weighted Average Exercise Price |
| $0.23 |
51,000,000 |
8.87 years |
$ |
0.23 |
|