4. Common Stock

6 Months Ended

Jun. 30, 2014

Notes

4. Common Stock

4. Common stock

We have a stock option plan in place under which we are authorized to grant options to executive officers and directors, employees and consultants enabling them to acquire up to 10% of our issued and outstanding common stock. Under the plan, the exercise price of each option equals the market price of our stock as calculated on the date of grant. The options can be granted for a maximum term of 10 years. Vesting terms are determined at the time of grant.

At June 30, 2014 and December 31, 2013, there were no warrants outstanding.

At June 30, 2014 and December 31, 2013, there were no stock options outstanding.  No options were granted, exercised or expired during the six months ended June 30, 2014 or the year ended December 31, 2013.