STOCK OPTIONS AND WARRANTS (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
|---|
| Warrant [Member] |
|
| Summary of stock option plan and warrants |
| Warrants Outstanding |
|
|
Warrants Exercisable |
|
Exercise
Prices
|
|
|
Number
Outstanding
|
|
|
Weighted
Average
Remaining
Contractual
Life (Years)
|
|
|
Weighted
Average
Exercise
Price
|
|
|
Number
Exercisable
|
|
|
Weighted
Average
Remaining
Contractual
Life (Years)
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ |
0.25 |
|
|
|
1,475,000 |
|
|
|
1.90 |
|
|
$ |
0.25 |
|
|
|
1,475,000 |
|
|
|
2.44 |
|
| |
1.00 |
|
|
|
1,155,000 |
|
|
|
1.49 |
|
|
|
1.00 |
|
|
|
1,155,000 |
|
|
|
2.01 |
|
| $ |
0.58 |
|
|
|
2,630,000 |
|
|
|
1.75 |
|
|
$ |
0.58 |
|
|
|
2,630,000 |
|
|
|
2.25 |
|
|
| Transactions involving stock option plan and warrants |
| |
|
Number of
Shares
|
|
|
Weighted
Average
Exercise
Price Per
Share
|
|
| Outstanding at January 1, 2015 |
|
|
2,630,000 |
|
|
$ |
0.58 |
|
| Issued |
|
|
- |
|
|
|
|
|
| Exercised |
|
|
- |
|
|
|
|
|
| Canceled |
|
|
- |
|
|
|
|
|
| Outstanding at December 31, 2015 |
|
|
2,630,000 |
|
|
$ |
0.58 |
|
| Issued |
|
|
- |
|
|
|
- |
|
| Exercised |
|
|
- |
|
|
|
- |
|
| Canceled |
|
|
- |
|
|
|
- |
|
| Outstanding at September 30, 2016 |
|
|
2,630,000 |
|
|
$ |
0.58 |
|
|
| Stock Options [Member] |
|
| Fair value of options |
| |
|
2016 |
|
|
2015 |
|
| Risk-free interest rate |
|
|
1.13 |
% |
|
0.089% to 1.73 |
% |
| Dividend yield |
|
|
0 |
% |
|
|
0 |
% |
| Stock price volatility |
|
|
163.82 |
% |
|
145.90% to 226.04 |
% |
| Expected life |
|
5.75 years |
|
|
3.95 to 5.00 years |
|
| Weighted average grant date fair value |
|
$ |
0.019 |
|
|
|
.040 |
|
|
| Summary of stock option plan and warrants |
| |
|
Shares |
|
|
Weighted-Average
Exercise Price
|
|
|
Weighted-Average
Remaining
Contractual Term
|
|
|
Aggregate
Intrinsic Value
|
|
| Outstanding at January 1, 2015 |
|
|
15,350,000 |
|
|
|
0.10 |
|
|
|
3.75 |
|
|
|
|
| Grants |
|
|
4,500,000 |
|
|
|
0.07 |
|
|
|
10.0 |
|
|
|
|
| Exercised |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
| Canceled |
|
|
(5,000,000 |
) |
|
|
(0.10 |
) |
|
|
|
|
|
|
|
| Outstanding at December 31, 2015 |
|
|
14,850,000 |
|
|
$ |
0.09 |
|
|
|
4.4 |
|
|
$ |
- |
|
| Grants |
|
|
33,000,000 |
|
|
|
0.02 |
|
|
|
10.0 |
|
|
|
- |
|
| Exercised |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expired |
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
- |
|
| Outstanding at December 31, 2016 |
|
|
47,850,000 |
|
|
$ |
0.04 |
|
|
|
8.9 |
|
|
$ |
326,700 |
|
| Exercisable at December 31, 2016 |
|
|
23,100,000 |
|
|
$ |
0.07 |
|
|
|
8.3 |
|
|
$ |
81,675 |
|
|
| Transactions involving stock option plan and warrants |
| Options Outstanding |
|
|
Options Exercisable |
|
| |
|
|
|
|
Weighted |
|
|
|
|
| |
|
|
|
|
Average |
|
|
Exercisable |
|
| Exercise |
|
Number of |
|
|
Remaining Life |
|
|
Number of |
|
| Price |
|
Options |
|
|
In Years |
|
|
Options |
|
| |
|
|
|
|
|
|
|
|
|
| $ |
0.01-0.025 |
|
|
33,000,000 |
|
|
|
9.46 |
|
|
|
8,250,000 |
|
| |
0.0251-0.05 |
|
|
3,500,000 |
|
|
|
8.56 |
|
|
|
3,500,000 |
|
| |
0.051 and up |
|
|
11,350,000 |
|
|
|
7.34 |
|
|
|
11,350,000 |
|
| |
|
|
|
47,850,000 |
|
|
|
8.89 |
|
|
|
23,100,000 |
|
|