Note H - Warrants and Options

3 Months Ended

Mar. 31, 2016

NOTE H – WARRANTS AND OPTIONS

As of March 31, 2016, the Company had outstanding non-qualified options to purchase 5,574,000 shares of our common stock at any time prior to their expiration dates, with an exercise price of $0.25 per share.

The following table represents stock option activity as of and for the three months ended March 31, 2016:

	Number of Shares	Weighted Average Exercise Price	Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
Options Outstanding - January 1, 2016	5,574,000	$ 0.25	1.0 years	$ -
Granted / Vested	-
Exercised	-
Forfeited/expired/cancelled	-

Options Outstanding – March 31, 2016	5,574,000	$ 0.25	.5 years	$ 0.68

Outstanding Exercisable – January 1, 2016	5,574,000	$ 0.25	1.0 years	$ -
Outstanding Exercisable – March 31, 2016	5,574,000	$ 0.25	.5 years	$ 0.68