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Note 4 - Stock Options

3 Months Ended

Mar. 31, 2017

Note 4 - Stock Options

NOTE 4 - STOCK OPTIONS

As of March 31, 2017, the Company had outstanding stock options which have been granted periodically to individual employees and directors with no less than three years of continuous tenure with the Company. The Board of Directors did not issue stock options during the first quarter ended March 31, 2017.

A summary of option activity during the quarter ended March 31, 2017 is as follows:

	Number Outstanding	Weighted-Average Exercise Price Per Share	Weighted-Average Remaining Life (Years)	Approximate Aggregate Intrinsic Value
Outstanding and Exercisable at December 31, 2016	220,000	$0.40
Granted	-	-
Expired	(70,000)	0.41
Outstanding and Exercisable at March 31, 2017	150,000	$0.40	3.4	$0

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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