Note 11 - Stock Options (Tables)

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Schedule Of Share Based Compensation Stock Options Activity

The options activity for the year ended December 31, 2018 was as follows:

	2018
		Weighted-
		Average
	Number	Exercise
	of Shares	Price
Outstanding as of beginning of year	3,017,086	$          0.01
Granted	11,580,000	0.03
Exercised	(13,017,086)	0.00
Forfeited or expired	-	-
Outstanding as of end of year	1,580,000	0.25
Exercisable as of end of year	1,580,000	0.25

Schedule of Stock Options, Valuation Assumptions

The fair value of each option grant is estimated on the date of the grant using the Black-Scholes option-pricing model with the following weighted-average assumptions used for the grants made in 2018 and 2017:

	2018	2017
Expected life (in years)	1.66	1.22
Risk free interest rate	2.6%	1.4%
Expected volatility	243.9%	245.0%
Divident yield	-	-