NOTE 7 - STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2015

Note 7 - Stock-Based Compensation Tables

Summary of options issued, exercised and cancelled

A summary of options issued, exercised and cancelled for the quarter ended March 31, 2015 is as follows:

	Shares			Weighted-Average Exercise Price ($)		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value ($)
Outstanding at December 31, 2014		6,810,766			0.26		8.11		—
Granted		130,000			0.07		10.00		—
Exercised		—			—		—		—
Cancelled		(25,000	)		0.33				—
Outstanding at March 31, 2015		6,915,766			0.26		7.92		—
Exercisable at March 31, 2015		6,813,327			0.35		8.07		—