Annual report pursuant to Section 13 and 15(d)

Note 4 - Stockholders' Equity (Tables)

Note 4 - Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2014

	Number of Warrants	Weighted Average Exercise Price
Outstanding, December 31, 2012:	635,764,298	$	0.01
Granted	51,666,000		0.01
Forfeited	3,384,616		0.10
Exercised	93,000,000		0.01
Outstanding at December 31, 2013:	591,045,682	$	0.02
Granted	331,288,836		.013
Forfeited	259,309,994		0.01
Exercised	-
Outstanding at December 31, 2014	663,024,524		0.01

Exercisable warrants:
December 31, 2013	590,895,682	$	0.02
December 31, 2014	663,024,524	$	0.01

Summary of the stock option activity

	Number of Options	Weighted Average Exercise Price
Outstanding, December 31, 2012	40,090,980		0.07
Granted	-		-
Exercised	-
Expired	(10,813,509)		0.09
Outstanding, December 31, 2013	29,277,471	$	0.06
Granted	80,458,234		0.02
Exercised	-
Expired	(28,225,684)		0.09
Outstanding, December 31, 2014	81,510,021		0.028

Exercisable Options:
December 31, 2013	21,903,897		0.05
December 31, 2014	27,871,198		0.0

Summary of outstanding and exercisable stock options

		Outstanding Options					Exercisable Options
Range of Exercise Prices		Number of Options		Weighted-Average Remaining Contractual Life	Weighted-Average Exercise Price		Number of Options	Weighted-Average Exercise Price
$	0.01 to $0.04		80,458,234	4.50	$	0.020	26,819,411	$	0.010
$	0.10 to $0.20		477,000	.97		0.163	477,000		0.163
$	0.30 to $0.59		574,787	1.00		0.293	574,787		0.293
			81,510,021				27,871,198

- 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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