Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS AND WARRANTS (Tables)

v3.7.0.1
STOCK OPTIONS AND WARRANTS (Tables)
6 Months Ended
Jun. 30, 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       1,275,000       2.02     $ 0.25       1,275,000       2.02  
  1.00       1,155,000       0.75       1.00       1,155,000       0.75  
$ 0.58       2,430,000       1.42     $ 0.61       2,430,000       1.42  
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     -       -  
Expired     (200,000 )     0.25  
Outstanding at June 30, 2017     2,430,000     $ 0.61  
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 June 30, 2017     47,850,000     $ 0.04       8.0     $ 3,202,800  
Exercisable at June 30, 2017     31,350,000     $ 0.05       7.5     $ 1,752,450  
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       9.0       16,500,000  
0.0251-0.05       3,500,000       3.1       3,500,000  
  0.051       11,350,000       6.8       11,350,000  
          47,850,000       8.0       31,350,000