Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS AND WARRANTS (Tables)

v3.8.0.1
STOCK OPTIONS AND WARRANTS (Tables)
3 Months Ended
Mar. 31, 2018
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       1.52     $ 0.25       1,275,000       1.52  

Transactions involving stock option plan and warrants

   

Number of

Shares

   

Weighted

Average

Exercise

Price Per

Share

 
Outstanding at January 1, 2018     2,430,000     $ 0.91  
Issued     -          
Exercised     -          
Expired     (1,155,000 )     1.00  
Outstanding at March 31, 2018     1,275,000     $ 0.25  

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, 2017     47,885,000     $ 0.04       7.5     $ 5,927,877  
Grants     -                          
Exercised     -                          
Expired     -               -       -  
Outstanding at March 31, 2018     47,885,000     $ 0.04       7.3     $ 4,351,028  
Exercisable at March 31, 2018     43,760,000     $ 0.04       7.2     $ 3,887,378  

Transactions involving stock option plan and warrants

Options Outstanding     Options  
           

Weighted

Average

   

Exercisable

Exercisable

 
Exercise     Number of     Remaining Life     Number of  
Price     Options     In Years     Options  
                     
$ 0.01-0.025       33,035,000       8.2       28,910,000  
  0.0251-0.05       3,500,000       2.3       3,500,000  
  0.051       11,350,000       6.1       11,350,000  
          47,885,000       7.3       43,760,000