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Warrants

3 Months Ended

Mar. 31, 2016

8.	Warrants

A summary of warrant activity as of March 31, 2016 and changes during the three months then ended are presented below:

	Number of Warrants		Weighted Average Exercise Price Per Share		Weighted Average Remaining Terms (in years)		Aggregate Intrinsic Value

Outstanding - December 31, 2015		25,572,059	$	0.27		3.89		-
Issued		-		-
Exercised		-		-
Forfeited		-		-
Outstanding – March 31, 2016		25,572,059	$	0.27		2.66	$	-

Exercisable – March 31, 2016		25,572,059	$	0.27		2.66	$	-