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, 2015

Stock Options

Following is a summary of the stock option activity:

	Options Outstanding		Weighted Average Exercise Price
Outstanding as of December 31, 2014		81,510,021	$	0.028
Granted		3,000,000		.03
Forfeited		-		-
Exercised		-		-
Outstanding as of March 31, 2015		84,510,021	$	0.028

Warrants

Following is a summary of the warrant activity:

	Warrants Outstanding		Weighted Average Exercise Price
Outstanding as of December 31, 2014		663,024,524	$	0.01
Granted		104,973,915		0.01
Forfeited		-		-
Exercised		-		-
Outstanding as of March 31, 2015		767,998,439	$	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