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, 2012
Notes to Financial Statements  
NOTE 6 - STOCK OPTIONS

NOTE 6 – STOCK OPTIONS

During the three months ended March 31, 2012, no stock options or warrants were exercised. There are no outstanding warrants as of March 31, 2012.

 

Stock Warrants and Options
Stock options outstanding and exercisable as of March 31, 2012 are as follows:

 

Exercise Price per Share     Shares Under Option/Warrant     Remaining Life in Years  
Outstanding              
$ 0.57       675,000       1.92  
$ 0.57       170,832       1.71  
$ 0.57       33,333       1.59  
$ 0.57       99,999       1.07  
$ 0.57       99,999       0.71  
$ 0.57       166,666       0.50  
$ 0.57       5,000,000       0.46  
          6,245,829          
                     
                     
Exercisable                  
$ 0.57       675,000       1.92  
$ 0.57       170,832       1.71  
$ 0.57       33,333       1.59  
$ 0.57       99,999       1.07  
$ 0.57       99,999       0.71  
$ 0.57       166,666       0.50  
$ 0.57       5,000,000       0.46  
          6,245,829