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NOTE 7 - STOCK OPTIONS
3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
NOTE 7 - STOCK OPTIONS

NOTE 7 – STOCK OPTIONS

 

No stock options have been issued during the three months ended March 31, 2011.

 

During the three months ended March 31, 2012, no stock options or warrants were exercised. There are no outstanding warrants as of March 31, 2012.

 

 

Stock Options

Stock options outstanding and exercisable on March 31, 2012 are as follows:
Exercise Price per Share   Shares Under Option   Remaining Life in Years
         
Outstanding                        
$0.35     212,500       1.75          
$0.30     300,000       .50          
$0.20     300,000       .75          
$0.20     300,000       1.75          
$0.11     150,000       3.05          
$0.11     150,000       .50          
$0.11     300,000       1.05          
$0.05     15,450,000       0.42          
$0.05     600,000       1.60          
                         
Exercisable                        
$0.35     212,500       1.75          
$0.30     300,000       .50          
$0.20     300,000       .75          
$0.20     300,000       1.75          
$0.11     150,000       3.05          
$0.11     150,000       .50          
$0.11     300,000       1.05          
$0.05     15,450,000       0.42          
$0.05     600,000       1.60