Note 5  Commitments and Contingencies Options Stock options for employees, directors or consultants that vest immediately, are valued at the date of award, which does not precede the approval date, and compensation cost is recognized in the period the options are vested. Stock options generally become exercisable on the date of grant and expire based on the terms of each grant. The estimated fair value of options for common stock granted is determined using the Black-Scholes option pricing model. The expected dividend yield is based on the average annual dividend yield as of the grant date. Expected volatility is based on the historical volatility of our stock. The risk-free interest rate is based on the U.S. Treasury Constant Maturity rates as of the grant date. The expected life of the option is based on historical exercise behavior and expected future experience. In August 2019, the Directors of the Company authorized options to purchase common stock in the aggregate of 20,500,000 options to certain officers and consultants of the Company, the estimated value of which was $840,500. The $840,500 estimated fair value of options to purchase common stock was determined using the Black-Scholes option pricing model. The expected dividend yield of $0 is based on the average annual dividend yield at the date issued. Expected volatility of 337.19% is based on the historical volatility of the stock. The risk-free interest rate of 1.52% is based on the U.S. Treasury Constant Maturity rates as of the issue date. The expected life of the option of five years is based on the life of the option. The following table summarizes the Companys option activity during the nine -month period September 30, 2019: Weighted Weighted Average Average Remaining Aggregate Number of Exercise Life Intrinsic Options Price In Years Value Outstanding, December 31, 2018 216,557 $ 3.51 8.26 $ - Granted 20,500,000 0.041 4.86 - Outstanding, September 30, 2019 20,716,557 $ 0.077 7.26 $ - Exercisable, September 30, 2019 20,716,557 $ 0.077 7.26 $ - The following table summarizes the Companys options as of September 30, 2019: Options Outstanding Options Exercisable Weighted Outstanding Average Exercisable Exercise Number of Remaining Life Number of Price Options In Years Options $ 0.24 208,160 7.75 208,160 $ 52.50 4,383 .75 4,383 $ 70.26 3,449 2.75 3,449 $ 420.00 565 1.65 565 $ 0.041 20,500,000 4.86 20,500,000 Total 20,716,557 4.89 20,716,557 Litigation, Claims, and Assessments The Company may be involved in legal proceedings, claims and assessments arising in the ordinary course of business. In the opinion of management, such matters are currently not expected to have a material impact on the Companys condensed consolidated financial statements. The Company records legal costs associated with loss contingencies as incurred and accrues for all probable and estimable settlements. Office Lease The Company has an office lease in Tulsa, Oklahoma. As the lease is month-to-month and cancellable at any time, it is not included as a right-of-use asset or liability. Rent expense for the lease was $17,820 and $17,358 for the nine -month periods ended September 30, 2019 and 2018 respectively.