Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

v3.5.0.2
Stock Options (Tables)
9 Months Ended
Sep. 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     $ .62     years
  Granted     -       -      
  Exercised     -       -      
  Forfeited or expired     -       -      
  Outstanding at March 31, 2016     1,885,000     $ .62     3 years
  Granted     -       -      
  Exercised     -       -      
  Forfeited or expired     13,000       -      
  Outstanding at September 30, 2016     1,872,000     $ .62     3 years
Summary of company's nonvested shares

  Nonvested shares   Shares     Weighted-
Average 
Fair Market Value
 
  Nonvested at December 31, 2015     639,999     $ .14  
  Granted                
  Vested     (626,999 )     .14  
  Forfeited     (13,000 )        
  Outstanding at September 30, 2016     -0-     $ .14