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WARRANTS

3 Months Ended

Mar. 31, 2016

WARRANTS

WARRANTS

NOTE 4 - WARRANTS

For the three-month period ended March 31, 2016, no warrants were issued, exercised or forfeited.  

The Company’s outstanding and exercisable warrants as of March 31, 2016 are presented below:

	Number		Weighted Average	Contractual		Intrinsic
	Outstanding		Exercise Price	Life in Years		Value
Warrants Outstanding as of December 31, 2015	845,000	$	0.61	3.77	$	435,900
Warrants Granted	-		-	-		-
Warrants Forfeited	-		-	-		-
Warrants Exercised	-			-		-
Warrants Outstanding as of March 31, 2016	845,000	$	0.61	3.52	$	372,300

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- Definition

Entire disclosure for warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential.

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