Note 10 - Stock Options and Warrants

3 Months Ended

Mar. 31, 2017

Notes

Note 10 - Stock Options and Warrants

NOTE 10 – Stock Options and Warrants

A summary of stock options and warrants activity follows:

	Shares of Common Stock Exercisable Into
	Stock Options	Warrants	Total
Balance, December 31, 2015	200,000	307,500	507,500
Granted in 2016	-	-	-
Expired in 2016	(150,000)	(60,000)	(210,000)
Balance, December 31, 2016	50,000	247,500	297,500
Granted in 1Q 2017	-	-	-
Cancelled in 1Q 2017	-	-	-
Balance, March 31, 2017	50,000	247,500	297,500

Issued and outstanding stock options as of March 31, 2017 consist of:

Year	Number Outstanding		Exercise	Year of
Granted	And Exercisable		Price	Expiration
2009	50,000	$	1.00	2019
Total	50,000

Issued and outstanding warrants as of March 31, 2017 consist of:

Year	Number Outstanding		Exercise	Year of
Granted	And Exercisable		Price	Expiration
2010	247,500	$	1.00	2020
Total	247,500