Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Stock Options and Warrants

Note 4 - Stock Options and Warrants

3 Months Ended

Mar. 31, 2017

Stock Options

Following is a summary of the stock option activity:

	Options Outstanding		Weighted Average Exercise Price
Outstanding as of December 31, 2016		373,833	$	4.76
Granted		-		-
Forfeited		-		-
Exercised		-		-
Outstanding as of March 31, 2017		373,833	$	4.76

Warrants

Following is a summary of the warrant activity:

	Warrants Outstanding			Weighted Average Exercise Price
Outstanding as of December 31, 2015		4,665,201		$	0.05
Granted		48,890,317			0.05
Forfeited		-			-
Exercised		(583,333	)		0.05
Outstanding as of March 31, 2016		52,972,185		$	0.05

- 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