Warrants

6 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Note 9 - Warrants

9.       Warrants

Warrants to be granted to former CEO, Al Pietrangelo, under terms of the asset purchase and change of control are summarized as follows:

● 12,500,000 warrants issued to Al Pietrangelo in the acquisition agreement with Fonon Technologies as the warrants are issued upon the effective date of the reverse stock split, July 29, 2015. Those warrants have an exercise price of $0.001 and have an exercise period of two years.

Warrant activity for the six months ended June 30, 2015
(post reverse split adjusted)
Warrants issued and outstanding as of December 31, 2014	160,000
Warrants Issued	12,500,000
Warrant Expired	(160,000	)
Warrants issued and outstanding as of June 30, 2015	12,500,000