Annual report pursuant to Section 13 and 15(d)

Stock Options (Tables)

v3.7.0.1
Stock Options (Tables)
12 Months Ended
Dec. 31, 2016
Stock Options [Abstract]  
Schedule of options issued and outstanding under the plan
  Expected volatility     141.26 %
  Expected dividends     -0-  
  Expected term     3 years  
  Risk-free rate     2.0 %
Summary of option activity
  Options   Shares     Weighted-Average Exercise Price     Weighted-Average Remaining Contractual Term
                   
  Outstanding at January 1, 2016     1,885,000     $     .62     3 years
  Granted     -0-       -0-      
  Exercised     -0-       -0-      
  Forfeited or expired     (13,000 )     -0-      
  Outstanding at December 31, 2016     1,872,000       .62     3 years
Summary of company's nonvested shares
            Weighted-Average  
            Grant Date  
  Nonvested shares   Shares     Fair Value  
               
  Nonvested at January 1, 2015     1,233,333       0.14  
  Granted     35,000       0.14  
  Vested     (628,334 )     0.14  
  Forfeited     -0-       -0-  
                   
  Nonvested at January 1, 2016     639,999       0.14  
  Granted     -0-       -0-  
  Vested     (626,999 )     0.14  
  Forfeited     (13,000 )     -0-  
                   
  Nonvested at December 31, 2016     -0-       0.14