NOTE 7 - COMMON STOCK OPTIONS (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure Text Block Supplement [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The Company estimated the fair value of the stock options at the date of the grant, based on the following weighted average assumptions:

Risk-free interest rate	1.52	%	to	1.60	%
Expected life				5 years
Expected volatility	131.33	%	to	136.34	%
Dividend yield				0.00	%

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of the status of the Company’s outstanding options as of December 31, 2015 and changes during the year then ended is presented below:

	Shares			Weighted Average Exercise Price
Outstanding, January 1, 2015		18,565,000		$	0.18
Granted		7,400,000			0.09
Expired/Canceled		(5,000,000	)		0.21
Outstanding, December 31, 2015		20,965,000			0.14
Exercisable		19,890,000			0.14