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Note 7 - Stock Options

3 Months Ended

Mar. 31, 2013

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Stock Options

Note 7 – Stock Options

Stock option activity for the quarter ended March 31, 2013, is summarized as follows:

				Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (Years)
Options outstanding at December 31, 2012				2,750,000			$	0.78				10.00
Granted				—				—				—
Options outstanding at March 31, 2013				2,750,000			$	0.78				10.00

Total stock option compensation for the three months ended March 31, 2013 was $90,928 and $131,454 for the same period in 2012. Remaining stock option compensation of $30,309 will be recognized through the remainder of 2013.

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- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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