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Stock Options

6 Months Ended

Jun. 30, 2017

Note 7 – Stock Options

Stock option activity for the six months ended June 30, 2017, is summarized as follows:

	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Options outstanding at December 31, 2016		5,750,500	$	0.31		5.12
Granted		—		—		—
Expired/forfeited		—		—		—
Options outstanding at June 30, 2017		5,750,500	$	0.31		4.62

Total stock option compensation for the six months ended June 30, 2017 and 2016 was $0 and 72,000, 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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