5. STOCK OPTIONS

9 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

5. STOCK OPTIONS

NOTE 5 – STOCK OPTIONS

On July 24, 2001, the Company filed with the SEC Form S-8, for its 2002 Stock Option Plan, (the Plan). An aggregate amount of common stock that may be awarded and purchased under the Plan is 3,000,000 shares of the Company’s common stock.

A summary of the status of the Company’s stock options as of December 31, 2016, is presented below:

	December 31, 2016
Options outstanding at beginning of year		2,390,000
Options granted		—
Options exercised		—
Options canceled/expired/forfeited		800,000
Options outstanding at end of year		1,590,000

The following table summarizes the information about the stock options as of December 31, 2016:

Range of Exercise Price		Number Outstanding		Weighted Average Remaining Contractual Life Years		Weighted Average Exercise Price (Total shares)		Number Exercisable		Weighted Average Exercise Price (Exercisable shares)
$	.12		1,590,000		0.55		.12		1,590,000		.12