Quarterly report pursuant to Section 13 or 15(d)

NOTE 6 - STOCK OPTIONS

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NOTE 6 - STOCK OPTIONS
3 Months Ended
Mar. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
NOTE 6 - STOCK OPTIONS

NOTE 6 – STOCK OPTIONS

During the three months ended March 31, 2013, no stock options or warrants were exercised. There are no outstanding warrants as of March 31, 2013.

  

Stock options outstanding and exercisable as of March 31, 2013 are as follows:
 
Exercise Price per Share   Shares Under Option   Remaining Life in Years
  Outstanding                  
$ 0.57       845,832       0.75  
$ 0.57       33,333       0.61  
$ 0.57       99,999       0.13  
$ 0.025       500,000       4.72  
$ 0.01       4,500,000       4.42  
          5,979,164          
  Exercisable                  
$ 0.57       845,832       0.75  
$ 0.57       33,333       0.61  
$ 0.57       99,999       0.13  
$ 0.01       1,500,000       4.42  
          2,479,164