Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS AND WARRANTS (Tables)

v3.4.0.3
STOCK OPTIONS AND WARRANTS (Tables)
3 Months Ended
Mar. 31, 2016
Warrant [Member]  
Summary of stock option plan and warrants
Warrants Outstanding     Warrants Exercisable  
Exercise
Prices
    Number
Outstanding
    Weighted
Average
Remaining
Contractual
Life (Years)
    Weighted
Average
Exercise
Price
    Number
Exercisable
    Weighted
Average
Remaining
Contractual
Life (Years)
 
                                             
$ 0.25       1,475,000       2.69     $ 0.25       1,475,000       3.19  
  1.00       1,155,000       2.26       1.00       1,155,000       3.76  
$ 0.58       2,630,000       2.50     $ 0.58       2,630,000       3.00  
Transactions involving stock option plan and warrants
    Number of
Shares
    Weighted
Average
Exercise
Price Per
Share
 
                 
Outstanding at December 31, 2015      2,630,000     $ 0.58  
Issued      -       -  
Exercised      -       -  
Canceled      -       -  
Outstanding at March 31, 2016      2,630,000     $ 0.58  
Employee Options [Member]  
Summary of stock option plan and warrants
Options Outstanding     Options Exercisable  
Exercise
Prices
    Number
Outstanding
    Weighted
Average
Remaining
Contractual
Life (Years)
    Weighted
Average
Exercise
Price
    Number
Exercisable
    Weighted
Average
Exercise
Price
 
                                 
$ 0.10       10,000,000       3.63     $ 0.10       10,000,000     $ 0.10  
Transactions involving stock option plan and warrants
    Number of
Shares
    Weighted
Average
Exercise
Price Per
Share
 
                 
Outstanding at December 31, 2015      10,000,000     $ 0.100  
Granted      -          
Exercised      -          
Canceled      -          
Outstanding at March 31, 2016      10,000,000     $ 0.100  
Non Employee Options [Member]  
Summary of stock option plan and warrants
 Options Outstanding      Options Exercisable  
Exercise
Prices
   

Number

Outstanding

    Weighted
Average
Remaining
Contractual
Life (Years)
    Weighted
Average
Exercise
Price
    Number
Exercisable
    Weighted
Average
Exercise
Price
 
                                             
$ 0.045       3,500,000       4.31     $ 0.045       3,500,000     $ 0.045  
$ 0.10       200,000       2.77     $ 0.10       200,000     $ 0.10  
$ 0.15       1,000,000       4.28     $ 0.15       1,000,000     $ 0.15  
$ 0.20       150,000       2.94     $ 0.20       150,000     $ 0.20  
          4,850,000       4.20     $ 0.07       4,850,000          
Transactions involving stock option plan and warrants
    Number of
Shares
   

Weighted

Average
Exercise
Price Per
Share

 
                 
Outstanding at December 31, 2015      4,850,000       0.07  
Granted      -       -  
Exercised      -       -  
Expired      -       -  
Outstanding at March 31, 2016      4,850,000     $ 0.07