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Stock Options

3 Months Ended

Mar. 31, 2015

Note 7 – Stock Options

Stock option activity for the quarter ended March 31, 2015, is summarized as follows:

	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Options outstanding at December 31, 2014		2,750,000	$	0.78		9.00	$	—
Granted		—		—		—		—
Expired/forfeited		—		—		—		—

Options outstanding at March 31, 2015		2,750,000	$	0.78		9.00	$	—

Total stock option compensation for the three months ended March 31, 2015 and 2014 was $0. 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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