Quarterly report pursuant to Section 13 or 15(d)

NOTE 5 - STOCK OPTIONS

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NOTE 5 - STOCK OPTIONS
9 Months Ended
Sep. 30, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
NOTE 5 - STOCK OPTIONS

NOTE 5 – STOCK OPTIONS

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

 

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

 

Exercise Price per Share     Shares Under Option     Remaining Life in Years  
Outstanding              
$ 0.57       675,000       1.42  
$ 0.57       170,832       1.21  
$ 0.57       33,333       1.09  
$ 0.57       99,999       0.57  
$ 0.57       99,999       0.21  
$ 0.01       4,500,000       4.92  
          5,579,163          
                     
                     
Exercisable                  
$ 0.57       675,000       1.42  
$ 0.57       170,832       1.21  
$ 0.57       33,333       1.09  
$ 0.57       99,999       0.57  
$ 0.57       99,999       0.21  
$ 0.01       1,500,000       4.92  
          2,579,163