Annual report pursuant to Section 13 and 15(d)

EQUITY TRANSACTIONS (Tables)

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EQUITY TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2015
Equity Transactions Tables  
Stock Option Activity

 

The following is a summary of stock option activity for 2014 and 2015:

 

    Shares   Weighted
Average
Exercise
Price
  Weighted
Average
Remaining Term
(Years)
  Aggregate
Intrinsic Value
Outstanding at 12/31/2013     60,000     $ 2.50       9.8     $ —    
Exercisable at 12/31/2013     15,000     $ 2.50       9.8     $ —    
                                 
  Granted     —         —         —       $ —    
  Exercised     —         —         —         —    
  Cancelled     —         —         —         —    
Outstanding at 12/31/2014     60,000     $ 2.50       8.8     $ —    
Exercisable at 12/31/2014     30,000     $ 2.50       8.8     $ —    
                                 
  Granted     320,000     $ 4.22       9.3     $ —    
  Exercised     —         —         —         —    
  Cancelled     —         —         —         —    
Outstanding at 12/31/2015     380,000     $ 3.95       9.1     $ —    
Exercisable at 12/31/2015     125,000     $ 3.95       9.1     $ —