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, 2014

Stock Options

Following is a summary of the stock option activity:

	Options Outstanding		Weighted Average Exercise Price
Outstanding as of December 31, 2013		29,277,471	$	0.07
Granted		-		-
Forfeited		-		-
Exercised		-		-
Outstanding as of June 30, 2014		29,277,471	$	0.07

Warrants

Following is a summary of the warrant activity:

	Warrants Outstanding		Weighted Average Exercise Price
Outstanding as of December 31, 2013		591,045,682	$	0.02
Granted		12,714,286		0.01
Forfeited		40,559,994		0.01
Exercised		—
Outstanding as of June 30, 2014		563,199,974	$	0.02

- 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