|
NOTE 5 – COMMON STOCK WARRANTS
Stock Warrants
A summary of the status of the Company’s
outstanding stock warrants and changes during the period then ended is as follows:
| |
Number of Warrants |
Weighted Average Exercise Price |
| Balance at January 1, 2013 |
|
36,750,000 |
$ |
0.026 |
| Granted |
|
— |
|
— |
| Exercised |
|
— |
|
— |
| Balance at March 31, 2013 |
|
36,750,000 |
$ |
0.026 |
| |
|
|
|
|
| Warrants exercisable at March 31, 2013 |
|
36,750,000 |
$ |
0.026 |
The following table summarizes the Company’s stock warrants
outstanding at March 31, 2013:
| |
Warrants Outstanding |
|
|
Warrants Exercisable |
| Range of Exercise Price |
Number Outstanding at |
|
Weighted Average Remaining Contractual Life |
|
Weighted Average Exercise Price |
|
|
Number Exercisable at |
|
|
Weighted Average Exercise Price |
| March 31, |
March 31, 2013 |
| 2013 |
|
| $ |
0.025 |
36,000,000 |
|
1.81 Years |
|
$ |
0.025 |
|
|
|
36,000,000 |
|
|
$ |
0.025 |
| |
0.05 |
750,000 |
|
4.11 Years |
|
|
0.05 |
|
|
|
750,000 |
|
|
|
0.05 |
| $ |
0.026 |
36,750,000 |
|
1.95 Years |
|
$ |
0.026 |
|
|
|
36,750,000 |
|
|
$ |
0.026 |
|