Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Stock Options and Warrants

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Note 4 - Stock Options and Warrants
3 Months Ended
Mar. 31, 2016
Guarantees [Abstract]  
Note 4 - Stock Options and Warrants

Stock Options

 

Following is a summary of the stock option activity:

 

    Options Outstanding     Weighted Average Exercise Price  
Outstanding as of December 31, 2015     374,800     $ 4.88  
Granted     -       -  
Forfeited     -       -  
Exercised     -       -  
Outstanding as of March 31, 2016     374,800     $ 4.88  

 

Warrants

 

Following is a summary of the warrant activity:

 

    Warrants Outstanding     Weighted Average Exercise Price  
Outstanding as of December 31, 2015     12,525,721     $ 1.25  
Granted     668,800       1.25  
Forfeited     -       -  
Exercised     (12,427,040)       1.25  
Outstanding as of March 31, 2016     767,481     $ 1.25