Quarterly report pursuant to Section 13 or 15(d)

NOTE 5 - STOCK OPTIONS

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NOTE 5 - STOCK OPTIONS
6 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
NOTE 5 - STOCK OPTIONS

NOTE 5 – STOCK OPTIONS

During the six months ended June 30, 2012, no stock options or warrants were exercised. There are no outstanding warrants as of June 30, 2012.

 

 

Stock Warrants and Options
Stock options outstanding and exercisable as of June 30, 2012 are as follows:

 

Exercise Price per Share     Shares Under Option     Remaining Life in Years  
Outstanding              
$ 0.57       675,000       1.67  
$ 0.57       170,832       1.46  
$ 0.57       33,333       1.34  
$ 0.57       99,999       0.82  
$ 0.57       99,999       0.46  
$ 0.57       166,666       0.25  
$ 0.57       5,000,000       0.21  
          6,245,829          
                     
                     
Exercisable                  
$ 0.57       675,000       1.67  
$ 0.57       170,832       1.46  
$ 0.57       33,333       1.34  
$ 0.57       99,999       0.82  
$ 0.57       99,999       0.46  
$ 0.57       166,666       0.25  
$ 0.57       5,000,000       0.21  
          6,245,829