STOCK TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2016

STOCK TRANSACTIONS {2}

Schedule of Company's stock options outstanding

The following table sets forth the Company's stock options outstanding as of December 31, 2016, and December 31, 2015 and activity for the years then ended:

	Shares			Weighted Average Exercise Price		Weighted Average Fair Value		Weighted Average Remaining Contractual Term (Years)		Intrinsic Value
Outstanding, January 1, 2015		5,168,894		$	0.435	$	0.294		2.36	$	-
Granted		420,000			0.435		0.182		-		-
Exercised		-			-		-		-		-
Forfeited/expired		(316,667	)		0.435		0.099		-		-
Outstanding, December 31, 2015		5,272,227		$	0.435	$	0.303		1.73	$	-
Granted		210,000			0.435		0.390		4.82		-
Exercised		-			-		-		-		-
Forfeited/expired		(300,001	)		0.435		0.105		-		-
Outstanding, December 31, 2016		5,182,226		$	0.435	$	0.318		.97	$	-
Vested/exercisable at December, 31, 2015		5,062,227		$	0.435	$	0.315		1.60	$	-
Vested/exercisable at December, 31, 2016		4,972,226		$	0.435	$	0.315		.80	$	-

Schedule of summary the information with respect to options granted, outstanding and exercisable under the 2005 plan

The following table summarizes the information with respect to options granted, outstanding and exercisable under the 2005 plan:

Exercise Price		Options Outstanding		Remaining Contractual Life in Years		Average Exercise Price		Number of Options Currently Exercisable
$	.435		3,665,556		0.33	$	.435		3,665,556
$	.435		166,668		1.33	$	.435		166,668
$	.435		46,668		2.33	$	.435		46,668
$	.435		66,667		0.83	$	.435		66,667
$	.435		10,000		1.08	$	.435		10,000
$	.435		56,667		2.42	$	.435		56,667
$	.435		20,000		3.42	$	.435		20,000
$	.435		10,000		4.50	$	.435		10,000
$	.435		300,000		0.58	$	.435		300,000
$	.435		200,000		2.00	$	.435		200,000
$	.435		10,000		7.00	$	.435		10,000
$	.435		200,000		3.00	$	.435		200,000
$	.435		10,000		8.00	$	.435		10,000
$	.435		200,000		3.58	$	.435		200,000
$	.435		10,000		8.58	$	.435		10,000
$	.435		200,000		4.58	$	.435		-
$	.435		10,000		9.58	$	.435		-