NOTE 5 - STOCK OPTIONS

6 Months Ended

Jun. 30, 2012

Notes to Financial Statements

NOTE 5 - STOCK OPTIONS

NOTE 5 – STOCK OPTIONS

During the six months ended June 30, 2012, no stock options or warrants were exercised. There are no outstanding warrants as of June 30, 2012.

Stock Warrants and Options

Stock options outstanding and exercisable as of June 30, 2012 are as follows:

Exercise Price per Share		Shares Under Option		Remaining Life in Years
Outstanding
$	0.57		675,000		1.67
$	0.57		170,832		1.46
$	0.57		33,333		1.34
$	0.57		99,999		0.82
$	0.57		99,999		0.46
$	0.57		166,666		0.25
$	0.57		5,000,000		0.21
			6,245,829
Exercisable
$	0.57		675,000		1.67
$	0.57		170,832		1.46
$	0.57		33,333		1.34
$	0.57		99,999		0.82
$	0.57		99,999		0.46
$	0.57		166,666		0.25
$	0.57		5,000,000		0.21
			6,245,829