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CAPITAL TRANSACTIONS
9 Months Ended
Sep. 30, 2022
CAPITAL TRANSACTIONS  
CAPITAL TRANSACTIONS

NOTE 5 – CAPTIAL TRANSACTIONS

 

Stock Activity

 

During the nine months ended September 30, 2022, the Company had not issued common stock.

 

Options

 

At September 30, 2022, the 26,500,000 outstanding options had an aggregate intrinsic value of $0. A summary of the Company’s stock option activity and related information is as follows:

 

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

 

Weighted

Average

Remaining Life

 

 

Number of

Options

Exercisable

 

 

Aggregate

Intrinsic

Value

 

Outstanding as of December 31, 2021

 

 

26,500,000

 

 

$0.04

 

 

 

6.06

 

 

 

26,500,000

 

 

$15,000

 

Granted

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Expired

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Outstanding as of September 30, 2022

 

 

26,500,000

 

 

$0.04

 

 

 

5.61

 

 

 

26,500,000

 

 

$0

 

 

Exercise prices and weighted-average contractual lives of 26,500,000 stock options outstanding as of September 30, 2022 are as follows:

 

 

 

 

 

 

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

 

 

 

2.75

 

 

$

0.05

 

 

 

3,000,000

 

 

$

0.05

 

$

0.06

 

 

 

5,000,000

 

 

 

2.63

 

 

$

0.06

 

 

 

5,000,000

 

 

$

0.06

 

$

0.14

 

 

 

3,000,000

 

 

 

1.75

 

 

$

0.14

 

 

 

3,000,000

 

 

$

0.14

 

$

0.02

 

 

 

15,500,000

 

 

 

7.81

 

 

$

0.02

 

 

 

15,500,000

 

 

$

0.02

 

 

The Company did not recognize compensation expense during the three months ended September 30, 2022.