Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS AND WARRANTS (Tables)

v3.7.0.1
STOCK OPTIONS AND WARRANTS (Tables)
3 Months Ended
Mar. 31, 2017
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       1.65     $ 0.25       1,475,000       2.44  
  1.00       1,155,000       1.24       1.00       1,155,000       2.01  
$ 0.58       2,630,000       1.50     $ 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 December 31, 2016     2,630,000     $ 0.58  
Issued     -       -  
Exercised     -       -  
Canceled     -       -  
Outstanding at March 31, 2017     2,630,000     $ 0.58  
Stock Options [Member]  
Summary of stock option plan and warrants
    Shares    

Weighted-Average

Exercise Price

   

Weighted-Average

Remaining

Contractual Term

   

Aggregate

Intrinsic Value

 
Outstanding at December 31, 2016     47,850,000     $ 0.04       8.9     $ 326,700  
Grants     -                          
Exercised     -                          
Expired     -               -       -  
Outstanding at March 31, 2017     47,850,000     $ 0.04       8.6     $ 5,070,800  
Exercisable at March 31, 2017     27,225,000     $ 0.06       8.0     $ 2,432,863  
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       9.21       12,375,000  
  0.0251-0.05       3,500,000       8.31       3,500,000  
  0.051       11,350,000       7.09       11,350,000  
          47,850,000       8.64       27,225,000