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Note 7 - Stock Options

9 Months Ended

Sep. 30, 2014

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

Note 7 – Stock Options

Stock option activity for the nine months ended September 30, 2014, is summarized as follows:

	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Options outstanding at December 31, 2013		2,750,000	$	0.78		7.00
Granted		—		—		—
Expired/forfeited		—		—		—
Options outstanding at September 30, 2014		2,750,000	$	0.78		6.00

Total stock option compensation for the nine months ended September 30, 2014 and 2013 was $0 and $121,237, respectively. There is no unrecognized stock compensation expense at September 30, 2014.

- 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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