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Stock Options

9 Months Ended

Sep. 30, 2017

Stock Options

Stock Options

Note 7 – Stock Options

Stock option activity for the nine months ended September 30, 2017, is summarized as follows:

			Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (Years)
Options outstanding at December 31, 2016				5,750,000			$	0.31				5.12
Grant				—				—				—
Expired/forfeited				—				—				—
Options outstanding at September 30, 2017				5,750,500			$	0.31				4.37

Total stock option compensation for the nine months ended September 30, 2017 and 2016 was $0 and $72,000, respectively. There is no unrecognized compensation expense associated with the options.

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- 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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