Quarterly report pursuant to Section 13 or 15(d)

STOCK WARRANTS (Tables)

STOCK WARRANTS (Tables)

3 Months Ended

Mar. 31, 2017

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, 2016		51,000,000	$	0.23	$	0.186

Issued		-	$	-	$	-
Exercised		-	$	-	$	-
Forfeited		-	$	-	$	-
Expired		-	$	-	$	-
Outstanding, March 31, 2017		51,000,000	$	0.23	$	0.186

Exercisable, March 31, 2017		35,000,000	$	0.23	$	0.186

Range of Exercise Prices	Number Outstanding 3/31/2017	Weighted Average Remaining Contractual Life		Weighted Average Exercise Price
$0.23	51,000,000	8.38 years	$	0.23

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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