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Stock Options

3 Months Ended

Mar. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Note 11 – Stock Options

On July 30, 2014, the Company’s board of directors approved the Company’s 2014 Equity Incentive Plan and the reservation of 15,525,000 shares of common stock for issuance under such plan. Such plan shall be subject to the approval of the Company’s shareholders prior to its implementation.

On April 2, 2014, the Company granted an option to purchase 1,000,000 shares of the Company’s common stock with an exercise price of $0.25 per share.

The following table summarizes the changes in options outstanding and the related prices for the shares of the Company’s common stock issued to employees and consultants at March 31, 2015:

		Options Outstanding					Options Exercisable
Exercise Prices ($)		Number Outstanding	Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price ($)		Number Exercisable	Weighted Average Exercise Price
$	0.25	1,000,000		4.00	$	0.25	1,000,000	$	0.25

The stock option activity for the three months ended March 31, 2015 is as follows:

	Options Outstanding		Weighted Average Exercise Price
Outstanding at December 31, 2014		1,000,000	$	0.25
Granted		—		—
Exercised		—		—
Expired or canceled		—		—
Outstanding at March 31, 2015	$	1,000,000	$	0.25

- 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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