6. STOCKHOLDERS EQUITY

9 Months Ended

Sep. 25, 2015

Stockholders' equity:

Note 6 - STOCKHOLDERS EQUITY

Issuance of Common Stock:  In the first quarter of 2015, we issued 100,000 shares of common stock valued at $73,000 to members of our Board of Directors as partial payment for their services.

Stock Warrants: The following warrants for our common stock were issued and outstanding at September 25, 2015 and December 26, 2014, respectively:

	September 25, 2015			December 26, 2014
Warrants outstanding at beginning of period		1,375,000			5,575,000
Expired		(1,375,000	)		-
Exercised		-			(4,200,000	)
Warrants outstanding at end of period		-			1,375,000

All of the warrants outstanding at December 26, 2014 had an exercise price of $1.00 and expired, unexercised, on April 15, 2015.