NOTE 6 COMMON STOCK OPTIONS (Tables)

3 Months Ended

Mar. 31, 2016

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 described in the above paragraphs at the date of the grant or date of re-measurement, 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 March 31, 2016 and changes during the three months then ended, is presented below:

	Shares			Weighted Average Exercise Price
Outstanding, beginning of the period		20,965,000		$	0.145
Granted		-			-
Expired/Canceled		(250,000	)		0.002
Exercised		-			-
Outstanding, end of the period		20,715,000			0.143
Exercisable		19,640,000			0.145