Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Stock Options and Warrants

Note 4 - Stock Options and Warrants

9 Months Ended

Sep. 30, 2016

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		20	$	67.5
Exercised		-		-
Outstanding as of September 30, 2016		374,780	$	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		5,101,500			0.45
Forfeited		(339,932	)		1.25
Exercised		(12,610,183	)		1.25
Outstanding as of September 30, 2016		4,677,106		$	0.45

- 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