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Stock options (Tables)

12 Months Ended

Dec. 31, 2014

Stock Options Tables

Stock option and warrant activity

	Pre-Split		Post-Split		Weighted Average
	Options		Options		Exercise Price
Outstanding at Beginning of Year 2013	1,245,000				$0.142
Reverse Split as of August 12, 2013	1,245,000		103,750		$1.71
Granted	0		0
Cancelled or Exercised	(520,000)		(43,333)		$1.55
Outstanding at End of Year 2013	725,000		60,417		$1.82
Granted	0		0
Cancelled or Exercised	(650,000)		(54,167)		$1.73
Outstanding at End of Year 2014	75,000		6,250		$2.56

Option and Warrats

	Options Outstanding		Options Exercisable
		Weighted
		Average	Weighted		Weighted
Range of	Number	Remaining	Average	Number	Average
Exercise	Outstanding	Contractual	Exercise	Exercisable	Exercise
Prices	at 12/31/14	Life	Price	at 12/31/14	Price
$1.44 - $3.12	6,250	4.71 years	$2.56	6,250	$2.56

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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