STOCK OPTIONS AND WARRANTS (Details Narrative) - USD ($) |
1 Months Ended | 12 Months Ended | |||
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Oct. 12, 2015 |
Jun. 17, 2016 |
Jul. 20, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
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Option grant foreiture rate | 0.00% | 0.00% | |||
Option granted | 33,000,000 | 4,500,000 | |||
Change in fair value of option modifications | $ 53,858 | ||||
Stock compensation expense | 183,249 | $ 180,536 | |||
Stock compensation expense unamortized | $ 445,034 | ||||
Weighted average remaining life | 1 year 6 months | ||||
Stock Options [Member] | |||||
Intrinsic value of the vested stock options price | $ 0.03 | ||||
Officer [Member] | |||||
Option granted | 33,000,000 | ||||
Exercisable price | $ 0.0201 | ||||
Option term | 10 years | ||||
Fair value of option | $ 628,283 | ||||
Extended term description |
Company extended the term of previously granted options in aggregate of 13,500,000 initially expiring from November 2019 to July 2020 by five years to November 2024 to July 2025. |
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Consultant [Member] | |||||
Option granted | 1,000,000 | 3,500,000 | |||
Exercisable price | $ 0.15 | $ 0.045 | |||
Option term | 5 years | 5 years | |||
Dividend yield | 0.00% | 0.00% | |||
Volatility | 145.90% | 151.39% | |||
Risk free rate | 1.41% | 1.72% | |||
Fair value of option | $ 37,088 | $ 142,193 |
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- Definition Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Agreed upon price for the exchange of the underlying asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Expected dividends to be paid to holders of the underlying shares or financial instruments (expressed as a percentage of the share or instrument's price). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase (decrease) during the period in the carrying amount of option premium contracts for energy-related commodities. No definition available.
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- Definition The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Net number of share options (or share units) granted during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition As of the balance sheet date, the weighted-average exercise price for outstanding stock options that are fully vested or expected to vest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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