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STOCK OPTIONS AND WARRANTS
3 Months Ended
Mar. 31, 2016
STOCK OPTIONS AND WARRANTS  
STOCK OPTIONS AND WARRANTS

5.  Stock Options and Warrants

 

Costs attributable to the issuance of stock options and share purchase warrants are measured at fair value at the date of issuance and offset with a corresponding increase in 'Additional Paid in Capital' at the time of issuance.  When the options or warrants are exercised, the receipt of consideration is an increase in stockholders' equity.  There was no stock option or warrant activity during the three months ended March 31, 2016 and 2015 and as of May 23, 2016 no options or warrants were outstanding.