Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Stock Options and Warrants

Note 5 - Stock Options and Warrants

9 Months Ended

Sep. 30, 2013

Stock Options

Following is a summary of the stock option activity:

	Options Outstanding		Weighted Average Exercise Price
Outstanding as of December 31, 2012		40,090,980	$	0.07
Granted		-
Forfeited		10,800,314		0.08
Exercised		-		-
Outstanding as of September 30, 2013		29,290,666	$	0.06

Warrants

Following is a summary of the warrant activity:

	Warrants Outstanding		Weighted Average Exercise Price
Outstanding as of December 31, 2012		635,764,298	$	0.01
Granted		—		-
Forfeited		3,384,616		0.10
Exercised		93,000,000		0.01
Outstanding as of September 30, 2013		539,379,682	$	0.01

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References + Details