8. COMMON STOCK WARRANTS

9 Months Ended

Sep. 30, 2015

Common Stock Warrants

8. COMMON STOCK WARRANTS

The Company has issued and outstanding warrants for 1,293,022 common shares, as adjusted, with the current exercise price of $0.025, as adjusted, expiring August 6, 2016.

A summary of the status of the Company’s outstanding common stock warrants as of September 30, 2015 and changes during the nine months ending on that date is as follows:

	Number of		Average
	Warrants		Exercise Price
Balance at December 31, 2014		0	$	-
Granted		1,293,022		0.025
Exercised		-		-
Forfeited		-		-
Balance at September 30, 2015		1,293,022	$	0.025

The following table summarizes information about common stock warrants outstanding at September 30, 2015:

Warrants Outstanding					Warrants Exercisable
Number Outstanding					Number Exercisable
September 30, 2015		Remaining Life	Exercise Price		September 30, 2015		Exercise Price
	1,293,022	1.0 year	$	0.025		1,293,022	$	0.025