Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Stock Options and Warrants

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Note 5 - Stock Options and Warrants
6 Months Ended
Jun. 30, 2013
Guarantees [Abstract]  
Note 5 - 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, 2012     40,090,980     $ 0.07  
Granted     -          
Forfeited     10,798,814       0.08  
Exercised     -       -  
Outstanding as of June 30, 2013     29,292,166     $ 0.06  

 

Warrants

 

Following is a summary of the warrant activity:

    Warrants Outstanding     Weighted Average Exercise Price  
Outstanding as of December 31, 2012     635,764,298     $ 0.01  
Granted           -  
Forfeited     3,384,616       0.10  
Exercised     93,000,000       0.01  
Outstanding as of June 30, 2013     539,379,682     $ 0.01