Note 5 - Stockholders Equity

9 Months Ended

Sep. 30, 2016

Notes

Note 5 - Stockholders Equity

NOTE 5 – STOCKHOLDERS EQUITY

Stock Option Plan

The Company has adopted a stock option and award plan to attract, retain and motivate its directors, officers, employees, consultants and advisors. Options provide the opportunity to acquire a proprietary interest in the Company and to benefit from its growth. Vesting terms and conditions are determined by the Board of Directors at the time of the grant. The Plan provides for the issuance of up to 15,000,000 common shares for employees, consultants, directors, and advisors.

Employee stock-based compensation expense relating to options granted in 2010 and 2012 and recognized in the nine months ended September 30, 2016 and 2015 totalled $0and $108,629, respectively. At September 30, 2016, no unrecognized expense remains to be recognized.