CAPITAL TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2019

CAPITAL TRANSACTIONS (Tables)

Summary of Company's stock option activity

	Number of Options			Exercise Price Per Share		Weighted Average Exercise Price		Number of Options Exercisable
Outstanding as of December 31, 2017		21,855,000							21,855,000
Granted		-		$	-	$	-		-
Exercised		-			-		-		-
Expired		(250,000	)		0.07		0.07		(250,000	)
Outstanding as of December 31, 2018		21,605,000							21,605,000
Granted		500,000			-		-		500,000
Exercised		-			-		-		-
Expired		(30,000	)		0.26		0.26		(30,000	)
Outstanding as of December 31, 2019		22,075,000							22,075,000

Exercise prices and weighted-average contractual lives of stock options outstanding

				Options Outstanding				Options Exercisable
Exercise Price		Number Outstanding		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Number Exercisable		Weighted Average Exercise Price
$	0.05		3,000,000		5.49	$	0.05		3,000,000	$	0.05
$	0.06		6,000,000		4.87	$	0.06		6,000,000	$	0.06
$	0.07		9,000,000		1.38	$	0.07		9,000,000	$	0.07
$	0.08		575,000		5.64	$	0.08		575,000	$	0.08
$	0.14		3,000,000		3.74	$	0.14		3,000,000	$	0.14
$	0.02		500,000		4.50	$	0.02		500,000	$	0.02

Warrants issued at corresponding weighted average exercise price

	Warrants			Weighted average Exercise Price
Outstanding as of December 31, 2017		28,943,182		$	0.07
Issued/Vested		-			-
Cancelled/Expired		-			-
Outstanding as of December 31, 2018		28,943,182		$	0.07
Issued/Vested		-			-
Exercised		-			-
Cancelled/Expired		(19,243,182	)		0.07
Outstanding as of December 31, 2019		9,700,000		$	0.07

Date	Number of Warrants		Exercise Price		Contractual Life Remaining	Number of Shares Exercisable
April 2012		6,000,000	$	0.05	0.8 years		6,000,000
March 2015		2,500,000	$	0.12	0.2 years		2,500,000
July 2015		300,000	$	0.05	0.5 years		300,000
August 2015		300,000	$	0.05	0.6 years		300,000
September 2015		300,000	$	0.05	0.7 years		300,000
October 2015		300,000	$	0.05	0.8 years		300,000
		9,700,000					9,700,000