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STOCK WARRANTS
 12 Months Ended
Dec. 31, 2015
Compensation Related Costs, Retirement Benefits:  
Compensation and Employee Benefit Plans

NOTE 6 – STOCK WARRANTS

 

During the year ended December 31, 2014, the Company issued warrants in connection with common stock issued for cash. The following table summarizes all stock warrant activity for the year ended December 31, 2014 and December 31, 2015:

 

 

 

 

Weighted-Average

 

 

 

Exercise Price

 

Shares

 

Per Share

Outstanding, December 31, 2013

260,000

 

$

0.125

Granted

240,000

 

 

0.125

Exercised

-

 

 

-

Forfeited

-

 

 

-

Expired

-

 

 

-

Outstanding, December 31, 2014

500,000

 

$

0.125

Granted

-

 

 

-

Exercised

-

 

 

-

Forfeited

-

 

 

-

Expired

-

 

 

-

Outstanding, December 31, 2015

500,000

 

$

0.125

 

The weighted average remaining contractual life of options outstanding as of December 31, 2015 and 2014, was approximately 1.05 and 2.05 years, respectively. The exercise price of these options was $0.125 and the intrinsic value of the options as of December 31, 2015 and 2014 is $0.00, respectively.