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Note 7 - Stock Options

3 Months Ended

Mar. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Note 7 – Stock Options

Stock option activity for the quarter ended March 31, 2014, is summarized as follows:

	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Options outstanding at December 31, 2013		2,750,000	$	0.78		10.00	$	-
Granted		-		-		-		-
Expired/forfeited		-		-		-		-
Options outstanding at March 31, 2014		2,750,000	$	0.78		10.00	$	-

Total stock option compensation for the three months ended March 31, 2014 and 2013 was $0 and $90,928, respectively. There is no unrecognized compensation expense associated with the options.

- 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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