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STOCK WARRANTS AND OPTIONS (Tables)

12 Months Ended

Dec. 31, 2015

Warrants outstanding and exercisable

							Weighted				Exercisable
			Number of				Average				Number of
Exercise Price			Warrants				Remaining Life				Warrant

$0.60				3,590,000				0.5				3,590,000
$0.75				100,000				0.7				100,000
$0.50				166,667				1.9				166,667
$0.50				546,334				4.5				546,334
				4,403,001								4,403,001

Fair value of options

		2015			2014
Expected dividend yield		N/A			0.0%
Expected term		N/A			5.0 yrs
Expected volatility		N/A			266%
Risk-free interest rate		N/A			1.7%
Fair value per warrant		N/A			$.20

Activity for stock options

		2015								2014
						Weighted								Weighted
						average								average
		Number of				exercise				Number of				exercise
		shares				price				shares				price

Outstanding at beginning of year			823,369			$	.41				963,402			$	.56
Options granted			0				.00				124,167				.30
Options exercised			0				.00				0				.00
Options forfeited/expired			0				.00				(264,200	)			0.89

Outstanding at end of year			823,369			$	.41				823,369			$	.41

Options exercisable at end of year			823,369								823,369
Non-vested options at end of year			0								0
Weighted-average
Remaining contractual term – all options		2.2 yrs								3.2 yrs
Weighted-average
Remaining contractual term – vested options		2.2 yrs								3.2 yrs
Fair value of options vested during the year		$	0							$	24,747
Aggregate intrinsic value		$	0							$	0

Stock Warrants [Member]

Fair value of options

		2015			2014

Expected dividend yield		0.0%			N/A
Expected term		5 yrs			N/A
Expected volatility		272%			N/A
Risk-free interest rate		1.7%			N/A
Fair value per warrant		$.37			N/A

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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