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Stock Options

9 Months Ended

Sep. 30, 2019

Stock Options

Stock Options

Note 7 – Stock Options

Stock option activity for the nine months ended September 30, 2019, is summarized as follows:

			Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (Years)
Options outstanding at December 31, 2018				11,180,500			$	0.20				7.02
Granted				1,000,000				0.10				—
Expired/forfeited				—				—
Options outstanding at September 30, 2019				12,180,500			$	0.20				5.85

Total stock option compensation for the nine months ended September 30, 2019 and 2018 was $80,000 and $480,649, respectively. All of the 2019 options were granted to the Company’s president, who was hired in September 2019. See Note 9. There is no unrecognized compensation expense associated with the options.

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- Definition

The entire disclosure for share-based payment arrangement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-URI http://asc.fasb.org/topic&trid=2228938

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