Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

v3.5.0.2
Stock Options (Tables)
6 Months Ended
Jun. 30, 2016
Stock Options [Abstract]  
Schedule of options issued and outstanding under the plan
  Expected volatility     141.26 %
  Expected dividends     0.00  
  Expected term     3 years  
  Risk-free rate     2.0 %
Summary of option activity

 

  Options   Shares     Weight Average Exercise Price     Weighted-Average Remaining Contractual Term
  Outstanding at December 31, 2015     1,885,000     $ 0.62     3 years
  Granted     -       -      
  Exercised     -       -      
  Forfeited or expired     -       -      
  Outstanding at March 31, 2016     1,885,000     $ 0.62     3 years
  Granted     -       -      
  Exercised     -       -      
  Forfeited or expired     (13,000 )     -      
  Outstanding at June 30, 2016     1,872,000     $ 0.62     3 years
 
Summary of company's nonvested shares

 

  Nonvested shares   Shares     Weighted-
Average 
Fair Market Value
 
  Nonvested at December 31, 2015     639,999     $ 0.14  
  Granted     -          
  Vested     (616,667 )     0.14  
  Forfeited     -       -  
  Outstanding at March 31, 2016     23,332     $ 0.14  
                   
  Granted     -          
  Vested     (10,332 )     0.14  
  Forfeited     (13,000 )     -  
  Outstanding at June 30, 2016     -     -