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Stock Options
 9 Months Ended
Sep. 30, 2016
Stock Options  
Stock Options

Note 7 – Stock Options

 

Stock option activity for the nine months ended September 30, 2016, is summarized as follows:

 

    Shares   Weighted Average Exercise Price   Weighted Average Remaining Contractual Life (Years)
Options outstanding at December 31, 2015       4,750,000     $ 0.34       6.00  
Grant       1,000,500       0.19       —  
Expired/forfeited       —       —       —  
Options outstanding at September 30, 2016       5,750,500     $ 0.28       5.37  

 

Total stock option compensation for the nine months ended September 30, 2016 and 2015 was $130,065 and $0, respectively. There is no unrecognized compensation expense associated with the options.